NSPIRE

Just last month HUD/REAC announced their desire to engage the residents within the new NSPIRE inspection standards. The two ways they plan to accomplish this is (1) by bringing back a comprehensive resident survey and (2) including 5 additional units during a REAC inspection. These extra units will be selected by a “resident group” or other risk mo

HUD released a memo outlining the justifications to postpone/delay your REAC inspection. The acceptable grounds for requesting a delay: Major Rehab: Major rehab is defined as recapitalization (i.e. refinance, LIHTC allocation, etc.) with a total cost of at least $15,000 per unit.  Most importantly, this request for postponement MUST be submitted PR