An April 1 letter signed by the Chairs and Ranking Members of both the Senate and House Appropriations Committees endorsed four of the five components of HUD’s April 24, 2013, proposed Multifamily Transformation plan. The component that was rejected would have consolidated Asset Management field employees. As a result, HUD’s Office of Multifamily Housing Programs has announced that staff performing asset management functions will remain in their current locations for the time being. HUD states that as part of the FY15 budget process, the agency will continue to work with Congress to gain approval to consolidate Asset Management staff.
The Appropriators did endorse streamlining the Office of Multifamily Housing Program’s Production and Operations field staff by moving to a five-region field structure, with each region having one hub office and one or two core satellite offices. They also endorsed HUD’s proposals to undertake workload sharing, use an Underwriter Model in Production functions, and adopt an Account Executive Model in Asset Management (see Memo, 4/26/13).
The future hub and core satellite locations will be:
- Central Region: Fort Worth hub office with Kansas City, MO core satellite office;
- Midwest Region: Chicago hub office with Detroit and Minneapolis core satellite offices;
- Southeast Region: Atlanta hub office with Jacksonville core satellite office;
- Northeast Region: New York hub office with Boston and Baltimore core satellite offices; and,
- Western Region: San Francisco hub office with Denver core satellite office.
View HUD’s announcement about the Congressional action at: http://bit.ly/1hEBr6I
View “Moving Forward with Multifamily Transformation” and “Multifamily Q&A” at: