Upcoming Events
- HUD Handbook 4350.1 Chapter 6 Training - Columbus
September 08, 2010
(Training Seminar)
Recent HUD changes in policy have had a profound effect on how both Owner Agents and Contract Administrators do their jobs. Attending this course will give housing stakeholders a clear understanding of the “musts” and “shoulds” of using the Enterprise...
MAHMA
PO Box 12204
Columbus, OH 43212
888-242-9472
- HUD Handbook 4350.1 Chapter 6 Training - Lansing
September 14, 2010
(Training Seminar)
Recent HUD changes in policy have had a profound effect on how both Owner Agents and Contract Administrators do their jobs. Attending this course will give housing stakeholders a clear understanding of the “musts” and “shoulds” of using the Enterprise...
MAHMA
PO Box 12204
Columbus, OH 43212
888-242-9472
- Top Ten Mistakes Everyone Makes Concerning REAC - Grand Rapids, MI
September 15, 2010
(Training Seminar)
REAC Inspection. Two words guaranteed to strike fear into even the most seasoned manager's heart. Fear no more, we'll get you the inside scoop you need in order to help you ace your next inspection as national expert, Saul Himelstein, President/CEO of...
Audra Garrison
PO Box 12204
Columbus, OH 43212
888-242-9472
Fax: 614-481-6951
- Regional Affordable Housing Conference
October 04, 2010 - October 05, 2010
(Conferences)
The 2010 Regional Affordable Housing Conference will be held at Maumee Bay State Park and Resort near Toledo, OH on Monday, October 4, 2010 & Tuesday, October 5, 2010. Mark your calendar and look for more conference information soon!
MAHMA Room Rates are...
Audra Garrison
PO Box 12204
Columbus, OH 43212
888-242-9472
- Low Income Housing Tax Credit Training - Grand Rapids, MI
October 05, 2010 - October 06, 2010
(Training Seminar)
This two-day LIHTC course is ideal for owners, managers, asset managers, developers and site staff who need to understand the basics and the critical workings of Low Income Housing Tax Credits. Those who are new to the industry and those who want a...
Audra Garrison
MAHMA
PO Box 12204
Columbus, OH 43212
888-242-9472
View Full Calendar
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About MAHMA
THE MIDWEST AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (MAHMA) is a professional association representing owners and managers of affordable housing throughout Indiana, Illinois, Ohio, Michigan, Minnesota and Wisconsin.
We are a regional organization with grassroots support from local, regional and national affiliations. Through our liaison with THE NATIONAL AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (NAHMA), our members benefit from the tremendous support and legislative work that is provided by the working partnership of the national HUD offices and other government, and community agencies. Located in Washington, DC, NAHMA works with key industry and government officials in facilitating the affordable housing industry and in voicing the decisive needs and concerns of its members.
The Midwest Affordable Housing Management Association’s members are responsible for the day-to-day management tasks for over 800,000 units of the nation’s affordable housing stock. The Association recognizes that creating and maintaining quality affordable housing communities is essential to each family’s ability to reach its full potential. Quality affordable housing communities are operated cost effectively by energetic and knowledgeable professionals who are committed to long-term careers in housing management. Our members represent those who follow sound financial practices, comply with regulations, and operate under state-of-the-art general management systems.
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Breaking News
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HUD Memo on 20 Year Section 8 Contracts to Field Offices |
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Last month, HUD issues a memorandum, titled "20-Year Section 8 Contracts," encouraging field offices to renew Section 8 contracts for the longest possible term.
This memo was released in response to reports from owners that the field offices were denying owners' requests to renew their Multifamily Assisted Housing Reform and Affordability Act (MAHRA) Section 8 contracts for 20 years.
For a copy of the memo, please click here: http://www.nahma.org/member/New%20HUD%20Docs/20%20Years%20Section%208%20Contracts.pdf |
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Shifting of Compliance, Disposition & Enforcement Authority to Multifamily HUB Directors |
Attached is HUD Notice H 2010-12, a memo that details the delegation of authority to approve certain Compliance, Disposition and
Enforcement (CDE) plans to multifamily HUB directors.
This memorandum delegates the authority to approve certain Compliance, Disposition and Enforcement (CDE) Plans to the Hub Director. As of the date of this memorandum, Hub Directors now have the authority to approve all CDE Plans except those that recommend accelerating and/or foreclosing on an insured and/or assisted loan or those that recommend relocating residents and abating a Section 8 Contract.
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HUD Big Buy Reimbursement Program Eligibility |
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In 2000, HUD created the Big Buy Reimbursement Program to reimburse eligible properties for some or all of the cost of obtaining a lead hazard risk assessment required to comply with the Lead Safe Housing Rule (24 CFR Part 35). MAHMA urges all members to view the attached document to determine if any of their properties are listed. If a property is listed it is still eligible for the program. However, you are encouraged to act quickly. The program is scheduled to end on September 30.
The program was originally open to all qualified properties, and HUD contracted with certain certified risk assessors to provide property evaluations across the country.
Members who signed up for the program and remain eligible (receive more than $5,000 in federal assistance) may still be able to receive a lead inspection or reimbursement for an already completed inspection. HUD has provided a list of eligible properties.
If your property is on the list but has not been contacted by HUD about the reimbursement, please contact
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
. HUD officials warn that they may not have sufficient funds to meet the obligation, however.
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HUD Handbook 4350.1, REV-1, Chapter 6, CHG-2 |
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HUD has issued a revised Chapter 6 of the 4350.1 Asset Management handbook. The new Chapter is effective August 1. It is posted to HUDCLIPS at http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/4350.1/index.cfm.
HUD's summary of the revisions follow:
On July 7, 2010, HUD Handbook 4350.1, REV-1, Chapter 6, CHG-2, Conducting Management Reviews was signed by the FHA Commissioner and posted to HUDClips. The effective date for field use of this chapter is August 1, 2010. Revision highlights (including changes from the 1992 version) include:
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Changes to FHA Multifamily Mortgage Underwriting |
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HUD has issued Notice H 2010-11, HUD Multifamily Risk Mitigation. According to HUD,
"The notice revises underwriting standards, policies and procedures for mortgage insurance under the Federal Housing Administration's (FHA's) Multifamily Housing programs. This Housing Notice is not applicable to the health care programs administered by the Office of Healthcare Programs (Section 232, or refinancing of Section 232 pursuant to Sections 223 (f) or 223 (a) (7)). The Notice will be effective 60 days from the date of issuance, as discussed below in the section titled ‘Implementation'.
The core program underwriting standards have not been adjusted since the inception of the program and it is appropriate to do so at this time. These changes are in response to changes in real estate and financing markets and are intended to mitigate the Department's risk while ensuring the continued availability of FHA insurance."
To read the notice in its entirety, please click on the following links:
HUD Multifamily Risk Mitigation
Attachment A - Sample Schedule of Real Estate Owned
Attachment B - Sample Schedule of Mortgage Debt
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