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Required Actions for Multifamily Housing Projects Receiving Failing Scores From HUD’s Real Estate Assessment Center (REAC)

Monday, March 02, 2015

HUD published in the Federal Register and posted Notice H 2015-02 which serves to remind all Owners that Section 230 of HUD’s Fiscal Year 2014 Appropriations Act and Section 226 of HUD’s Fiscal Year 2015 Appropriations Act require HUD to take certain actions if a multifamily housing project with a section 8 contract or with a contract with similar project-based project assistance receives a failing score by REAC.

This notice specifies the required actions that HUD must take for multifamily projects receiving failing REAC scores. The notice is Housing Notice is H 2015–2, which can be found at:

http://portal.hud.gov/hudportal/documents/huddoc?id=15-02hsgn.pdf.

 

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