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A Vital Industry Returns to Work  

On March 17th we made the decision to halt all on-site services due to the COVID-19 outbreak. At that time, we also recommended that our industry partners only enter apartments for emergency work orders from that point forward. Many in the industry adopted similar policies, which encouraged social distancing and reduced the overall exposure of […]

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Scott Precourt | Capital Needs Assessments

Multifamily HUD Published Memorandum on New Procedures for PRAC Properties

On March 12, 2020, HUD’s Office of Multifamily Housing released a memorandum (click here to view) regarding budget-based rent increases for PRAC Properties. In July of 2019, increases in budget based rents at PRAC properties were temporarily suspended, with the exception of approving increases for core operating costs. Once the FY 2020 Appropriations bill was […]

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Scott Precourt | Capital Needs Assessments

The Capital Concerns of 202 PRAC Program

In the mid-nineties, to mid-2000s the affordable housing industry saw an explosion in the number of properties approved and built under the Section 202 PRAC program. This program was restricted to non-profit sponsors providing housing for the elderly, and the operating subsidy was guaranteed for forty-years – securing housing for the elderly for many years. […]

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Scott Precourt | Capital Needs Assessments

HUD and ADA Design Standards

Changes to the Section 504 Design Requirements Late last month, HUD announced changes to the accessibility design standards. This notice states that owners of multifamily properties under HUD Assistance (Section 8, HOME, etc) can now meet their accessible design obligations under Section 504 by complying with the Justice Department’s 2010 ADA Design Standards. For quite […]

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Scott Precourt | Capital Needs Assessments

UFAS/ADA Issues Caused by Reasonable Accommodations

Reasonable Accommodations That Create ADA/UFAS Issues (Additional Parking Spaces) This summer we have noticed a trend while on-site doing either Capital Needs Assessments or UPCS (Pre-REAC) Inspections. Some well-intentioned managers and property administrators are adding “accessible design” features because a tenant requests a reserved parking space or a space that is closer to their unit […]

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