Archive for February 2016

New Jersey Federation of Housing Cooperatives Annual Meeting

Who: NJ Federation of Housing Cooperative

What:  Quarterly Meeting

When: April 2, 2016: 10:30 am-1:00 pm

Where: 205 Spruce Street, Newark, New Jersey (The Club House)

Workshop: Successful Cooperatives pt 2.

Government Relations Committee Alert!

Nearly five years ago the U.S. Department of Housing and Urban Renewal (HUD) stopped doing Management and Occupancy Reviews (MORs) in 42 states. In late 2015 HUD issued a letter to the Performance-Based Contract Administrators (PBCA’s) that MOR’s are to start again in the 42 states with the appropriate additional funding. They are scheduled to start March 1, 2016.

HUD indicated that they will start with “high-risk” building in their portfolio. HUD may look at the following factors:

  • An owner/agent (O/A) had a previous below average or unsatisfactory MOR rating
  • Active Partners Performance System (APPS) flag
  • Failing Real Estate Assessment Center (REAC) score
  • Poor financial ratings in the Financial Assessment Subsystem (FASS)
  • Recent Office of Inspector General (OIG) investigation or referrals

Just to name a few. NAHC recommends that you review all your files and records in order to pass an MOR . So if you are a HUD cooperative, now is your opportunity to perform quality control checks to reduce or eliminate the number of findings in a MOR inspection.

Winter 2016 CHQ Now Available

The Winter 2016 issue of NAHC’s newsletter CHQ (formerly CHB) is now available! Please take a look!

Save the Date!

NAHC’s 2016 Annual Conference will be held in Las Vegas October 26 – 29! Registration will open in June. Please visit the 2016 Annual Conference Page for more information. We look forward to seeing you there!

 

Check Out NAHC’s Connect Page!

NAHC’s mission is to support and educate existing and new cooperative housing communities as the best and most economical form of homeownership.

Part of how we do this is by providing resources that keep you informed and connected with your state legislation and other cooperative housing resources in the United States. Please check out the Connect Page now and share with your cooperative!

The Connect Page