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MOR’s tend to make everyone panic and worry. Now, HUD has published Final Rule on Streamlining Management and Occupancy Reviews (MORs) for the Section 8 Programs. Under the new rule, MORs will occur on a one, two, or three-year schedule based on the previous MOR score and the Risk Classification. The Final Rule also clarifies that HUD or a CA retains the right to schedule a MOR at any time. Conditions?
The MOR verifies that property owners and management agents are in compliance with HUD and other federal regulations and their Housing Assistance Payments (HAP) contract. While conducting the MOR, HUD or CA staff must review all documentation in the tenant file going back to the date of the last MOR.
Join this webinar, it will help you prepare for a management occupancy review. Reviews are required on an annual basis for each property that is covered by a project-based Section 8 contract. We will walk you through all of the steps of the MOR review. By good preparation, you will have a successful MOR. There is a new, final ruling which goes into effect in September 2022. This ruling will be discussed in detail.
-What are the latest updates going effective on Sept 26th, 2022?
-What is a Management & Occupancy Review(MOR)
-What is REAC and how is it used
-Maintenance and standard operating procedure
-Leasing and occupancy
-How to set up good Tenant Files
-Security of information – How to interpret results of MOR review
-Physical Inspection
-The MOR report and findings
-Other relevant items from HUD handbook 4350.1
The MORs are worrisome and can make most of the people worry. Add to this, the HUD published new final Rules on MOR schedule, effective this September – Sept 26th, 2022.
So what all preparations you need to make? What is the catch in the final Rules? What all is said in the new Final Rules? All this will be covered in this webinar. Also, you will learn about REAC, maintenance to be kept, & SOPs along with the final rule as of September 2022. Also will be covered the other relevant items from HUD handbook 4350.1
This webinar will demystify the MOR and give you the tools needed to have a successful review.
-Property Managers
-Property owners
-Leasing Consultants
-Housing Authority Staff
-Tax credit compliance staff
-Developers
Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management, and property management consulting/training.
Through his consulting company, Property Management Solutions, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.
He specializes in fair housing issues and has developed fair housing and outreach programs for governmental agencies as well as conducting seminars which are presented to property management companies, apartment associations, and the general public nationwide. Most recently, he has been a consultant to the State of South DakotaSept
For over twenty years he was involved in the appraisal of residential, multi-family, farm, and commercial properties throughout the Midwest. Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development, HOME, and Tax Credit programs.
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