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 PRIORto your notification by the REAC inspector for scheduling as HUD will not approve a request for delay after notification of inspection.
- Presidential Disaster Declaration (PDD): The property is located in a city/county covered by the PDD during the period an inspector is attempting to schedule inspection.
- Other Emergency:The property has sustained large scale damage such as fire, flooding, etc. To qualify at least 30% of units must be impacted during the period an inspector is attempting to schedule inspection.
- HUD Approved Repair Plan:The property has a HUD approved repair plan as a result of a prior score (sub 60) and the plan covers the period an inspector is attempting to schedule inspection.
Because there are very few qualifying reasons to request an extension or postponement, let us know if we can assist you in preparing for your next REAC inspection (100% inspections, Mock REAC, REAC shadowing, REAC training, etc.).