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The U.S. Department of Housing and Urban Development (HUD) has suspended the requirement to use the CNA eTool for 10-year updated Capital Needs Assessments and several other Office of Asset Management transactions.

Table A, Optional Item #5, Vertical Relief with Source of Information, also known as a Topography Survey, is a required scope when undertaking a new development or major renovation project. Topography is also required when a multifamily project is financed through the U.S. Department of Housing and Urban Development (HUD).

Whether they are recapitalization events, acquisitions/preservations, or new construction deals, it is all hands-on deck to ensure affordable housing is not left behind. Despite the challenges, there is optimism that there are viable ways to address the funding gaps, allowing affordable housing and eco-friendly development to continue progressing. The industry’s ability to innovate and remain flexible will be key to overcoming these difficulties and achieving long-term success.

Join Partner Engineering and Science for the WMAC conference at the InterContinental Hotel in San Francisco on September 18-20

Managing a multifamily property entails a continuous commitment to its upkeep and enhancement. In the realm of FHA-insured multifamily properties, a pivotal milestone is the 10-year mark, when an updated […]

Partner Bolsters Its Affordable Housing Team William Stockdale has recently joined Partner Engineering and Science Inc. as Senior Project Manager on the Affordable Housing team, reporting to the Director of […]

UNIQUE REQUIREMENTS NECESSITATE GUIDANCE Affordable multifamily housing is a valuable investment class that has many upsides for savvy commercial real estate stakeholders. It is a secure asset over time, and […]

COMPLEX REGULATORY NUANCES REQUIRE GUIDANCE FROM CERTIFIED ACCESS SPECIALISTS. When it comes to multifamily acquisitions, accessibility compliance presents unique challenges. A host of different legislation and regulations may come into […]

Require Complex Capital Stack and Risk Management Insight The Low Income Housing Tax Credit (LIHTC) is a federal tax credit created through the Tax Reform Act of 1986, and was designed to encourage […]