BREAKING NEWS: Shutdown Impact on Multifamily Production and Asset Management Activities

Shutdown Impact on Multifamily Production and Asset Management Activities

January 10, 2019 - The partial government shutdown continues as the Department of Housing and Urban Development's spending authority expired on Friday, December 21, 2018, due to the lack of appropriated funding. HUD released two memos regarding the impact of the government shutdown on Multifamily. Links to the PDF memos can be found below.

Click the Links Below to View the HUD Memos:

• FHA Mortgage Insurance Applications and Production Activities

• Asset Management Activities

If your property is not receiving payment or is experiencing an emergency situation and has a Reserve for Replacement account subject to HUD oversight, you may request to utilize those funds to pay property operating expenses.To ensure your request is promptly processed during the shutdown period, please complete form HUD-9250 and submit via email to the Asset Management Division Director of your assigned HUD field office, according to the list below. The form must include the current balance in the account, a withdrawal amount, and the remaining balance. It should also include a statement confirming that the released funds will be reimbursed to the reserve for replacement account once HUD appropriations funding is restored.

Atlanta: Tawana Anderson – Tawana.L.Anderson@hud.gov
Jacksonville: Laurelei McKnight - Laurelei.Mcknight@hud.gov

If you are not sure of your assigned HUD office or asset director, please contact Jen Larson at Jennifer.L.Larson@hud.gov .

Jessica McCuan

Communications Manager

SAHMA | AHMA OF THE YEAR

5570 J Tulane Dr SW, Atlanta, GA 30336

P 800.745.4088 | F 800.743.8278 | www.sahma.org

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