Affordable Housing: HUD Postpones REAC Inspections, Provides COVID-19 Guidance
On March 17, 2020 by Bobbie Guidry
HUD announced last week that the Real Estate Assessment Center (REAC) is postponing all property inspections on all public housing, multi-family housing, and servicing mortgagee properties. This includes senior housing.
HUD’s Office of Multifamily Housing published a Q&A document to help housing providers navigate COVID-19. It covers the following topics: emergency preparedness, resident health, policy and operations, and property reviews and inspections.
HUD also released updates to the document that cover waivers and extensions, and its for continuity of operations. HUD will continue updating.
Because COVID-19 disproportionately affects older adults, we continue to urge HUD and Congress to provide additional support for senior housing providers and residents through emergency funding and regulatory waivers.
In the meantime, the Q&A document states that multifamily property owners and agents can access property operating accounts for expenses related to COVID-19 preparedness and response actions, including extra supplies and staff hours. If an owner advance is required, HUD approval is necessary in advance.
LeadingAge is providing affordable housing-specific COVID-19 resources to help providers plan, prepare and respond.