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08/10/2019

Responsibilities of Owners of HUD-Assisted Properties Before and After Natural Disasters

By A.J. Johnson

Now that we are in hurricane season, it is a good idea for all properties to assess preparedness for storms and other natural disasters. While this is recommended for any property, it is a requirement for HUD-assisted projects.

The Department of Housing & Urban Development (HUD) has developed guidance that covers all the aspects of servicing multifamily properties that are damaged or vacated as a result of a natural disaster in a Presidentially Declared Disaster Area (PDD). HUD added a new chapter to HUD Handbook 4350.1, Multifamily Asset Management and Project Servicing. It assembles guidance issued in previous notices and memoranda into one place (Chapter 38) and updates it with what HUD has learned since Hurricane Katrina. The chapter also applies to all HUD insured/assisted properties in situations where the Hub Director determines that an emergency exists.

Owners and managers are required to report any physical damage (interior or exterior) that has resulted from a fire, flood, wind, severe cold, or other natural disaster or weather event. Once any such event occurs, owners should complete and forward damage assessments to HUD.

Following an emergency or disaster event (or in anticipation of one), here are the owner’s responsibilities:

Owners should also make residents aware of their responsibilities in the event of a natural disaster. Residents are responsible for:

Now if the time for owners and agents to be proactive. If the steps noted above have not been undertaken, doing so should be made a priority.

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