Recently, HUD indicated that draft revisions to 5 chapters of the Asset Management and Project Servicing Handbook, 4350.1 would be coming shortly, including long-awaited revisions to the chapter on budget-based rent increases, for which feedback could be submitted within 30 days. These chapters were last updated in 1992, so the changes were long due.
Below are links to the proposed changes. LeadingAge Ohio encourages members to review these changes and forward comments to HUD at MFHDRAFTINGTABLE@HUD.gov, and also share those comments with LeadingAge and LeadingAge Ohio. HUD has provided excel templates to post comments in, to help facilitate collation of comments. Members are encouraged to use this form if possible. If not, comments should reference the section, page number, and line number to which comments pertain.
LeadingAge Ohio is requesting member comments by November 18, to provide sufficient time to compile comments into a single document on behalf of our members. Comments on these first chapters must be submitted to HUD no later than Dec 2.
The draft revisions are as follows:
CHAPTER 2.02
CHAPTER 2.06
CHAPTER 4.11
CHAPTER 5.02
CHAPTER 7.02