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Affordable Housing Industry Updates, Changes to HUD, LIHTC, REAC, and USDA/RD Requirements
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NSPIRE Final Notice Delivered: Changes Abound
HUD has heard your comments on NSPIRE and has produced over 200 pages of text titled “Economic Growth Regulatory Relief and Consumer Protection Act: Implementation of National Standards for the Physical Inspection of Real Estate (NSPIRE).” This Final Notice addresses the public comments before the final rule is enacted on October 1. Or, for Public […]
Read MoreHUD Publishes NSPIRE Scoring Notice
HUD published the NSPIRE Scoring Notice requesting comments on the new scoring methodology. As expected, the NSPIRE scoring methodology is considerably easier to understand and work with than under UPCS. HUD has developed the following table, which shall be applicable to all properties: The math is essentially as follows: For each of the categories above, […]
Read MoreHUD APPS Flagging Process May be Flawed, Says OIG Audit
HUD DID NOT SUFFICIENTLY FLAG UNACCEPTABLE PHYSICAL CONDITIONS SCORES What happens when a property fails a REAC Inspection? “A lot” is the short but not particularly helpful answer. Let’s expand on that. When a REAC score comes in under 60, the remediation process requires the owner/agent to take appropriate steps to improve living conditions for […]
Read MoreNSPIRE Demonstration Inspections to Receive Scores as of April 1st
HUD released an update to the Federal Register on January 24, 2023, which is scheduled to be officially published on January 25, 2023. In this notice, [Docket No. FR-6160-N-03], HUD clarified the following: Through this notification, HUD is informing Multifamily Housing program participants who are currently in this demonstration and have yet to receive an inspection of […]
Read MoreHUD NSPIRE’s Impact on HOME, Housing Trust Fund, CPD, and LIHTC Programs
On October 1, 2023, the NSPIRE (National Standard for Physical Inspection of Real Estate) Inspection Protocol is scheduled to replace UPCS and HQS as the inspection protocols used on Multifamily and Public Housing HUD Inspections. Ending these decades-old inspection protocols and combining them into a single standard for both risk-based and results-based inspections will have […]
Read MoreAll REAC Inspections to use NSPIRE Standards Starting October 2023
HUD’s NSPIRE changes to REAC are on pace to roll out as of October 1, 2023. On October 19th, our Founding Partner, Scott Precourt, participated in a panel discussion at the NLHA Conference in Washington, DC, and received an update on the demonstration program. The Deputy Assistant Secretary of HUD REAC shared NSPIRE’s advancements through […]
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