On April 13, 2023, HUD’s Office of Multifamily Housing sent out the following information:
Important changes are underway in COVID-related policies. Effective April 1, 2023, states have restarted yearly Medicaid and Children’s Health Insurance Program (CHIP) eligibility reviews, and the Emergency Allotments for Supplemental Nutritional Assistance Program (SNAP) ended in March 2023. Join HUD, the Centers for Medicare & Medicaid Services (CMS), the Centers for Disease Control and Prevention (CDC), and the National Center for Health in Public Housing (NCHPH) on this webinar to learn more.
Expiration of COVID-19 Emergency and Impact on HUD-Assisted Residents
Wednesday, April 19 | 1:00 – 2:00 PM ET
Housing Notice 2023-03: Capital Needs Assessment (CNA) eTool for Asset Management was published on March 29, 2023. This Notice provides guidance to lenders and servicers, third-party needs assessors, property owners, and HUD staff on the policy for submission and review of CNAs required for 10-year updates for Federal Housing Administration (FHA) insured properties, Rental Assistance Demonstration (RAD) Conversions, and several eligible asset management milestones.
Starting June 27, 2023, 90 days from the date of publication of this notice, use of the CNA eTool is required for all CNA submissions, with a limited number of exceptions identified in the notice.
This notice applies to all FHA-insured properties that have a 10-year CNA update requirement. Additionally, this notice applies to CNAs required for RAD Conversions, Housing Assistant Payment contract assignment requests where HUD has requested a CNA, and other eligible asset management milestones, such as Budget Based Rent Increase, for Sections 202 and 811 Project Rental Assistance Contracts, Partial Payment of Claims, or Transfer of Physical Assets. The CNA eTool is required for all submissions except as indicated otherwise in this Housing Notice. The CNA eTool is not required for non-insured properties that have thirty (30) units or less. FHA-insured properties, regardless of size, are subject to the requirements in this notice.