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Management agents that operate
HUD-insured and HUD-assisted multifamily properties play a key role
in helping HUD provide quality affordable housing. HUD has developed
procedures for effective partnership among owners, their management
agents, residents and resident associations, and HUD staff to
provide quality affordable housing.
The term
"partnership" specifically refers to the roles of property owners,
management agents, residents, and HUD in working together to meet
this objective.
HUD
outstanding instructions provide guidance regarding most aspects of
HUD's relationship and interaction with owners and management agents
of HUD-insured and HUD-assisted properties. They also include
guidance regarding the involvement of residents and their
representative organizations in key decisions concerning their
projects and the importance of supporting resident efforts to
organize.
Management
Agents managing projects that are financed under USDA Rural Housing
Programs, such as Section 515 program generally receive guidance
from USDA Rural Housing rather than HUD.
While HUD
will work with management agents and monitor their performance, the
property owner is ultimately responsible for a project's compliance
with HUD regulations and requirements. HUD expects that owners will
oversee the performance of their management agents and take steps to
correct deficiencies that occur.
HUD
procedures include approval of Management Agents identifying the
approving authority for each type of project affected and describe
the conditions and procedures for approving management agents.
HUD approves
allowable Management Fees from Project Funds outlines different
types of management fees and sets forth the procedures for
determining the allowable fee amounts to be paid from project funds.
If you are a
new Management Agent seeking HUD approval to manage a FHA-Insured
Multifamily property, and/or with a Multifamily Housing Assisted
Payments Program; or an existing approved Management Agent seeking
an increase in Management Fees, Please contact me and we can discuss
preparation of a proposal for submission to HUD.
Alvin L.
Sutherlin
Housing
Consultant
Post
Office Box 162
Mount
Rainier, Maryland 20712-0162
Voice
Number: 301-277-3465
Overnight Mail:
4104-29th
Street
Mount
Rainier, Maryland 20712-1820
alvinl.sutherlin@verizon.net
http://www.hud-consultant.com
References:
http://hud-consultant.com/References.html
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