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HUD Releases Final NSPIRE Rules 2023

Overview:
 

Final NSPIRE Rule Released by HUD on May 11, 2023

HUD’s Real Estate Assessment Center (REAC) assists in improving housing quality by performing accurate, credible, and reliable assessments of HUD’s real estate portfolio. REAC’s primary mission is to provide our customers with independent, actionable assessments that advance risk-informed decisions about the condition of the nation’s affordable housing portfolio.
 

REAC has not been updated for over 15 years. Now with HUD’s release of the INSPIRE model it is imperative that one becomes familiar with how these changes will affect you and your property. The new NSPIRE model prioritizes health, safety, and functional defects over appearance. It implements inspections that better reflect the true physical conditions of the property. The NSPIRE model supports the adoption of sound, year-round maintenance practices.
 

HUD has developed an INSPIRE model to update the physical inspection process. These new regulations go into effect in October of 2023. This model of the inspection was introduced by the HUD in response to concerns about the effectiveness of the REAC Inspections. The goal of the NSPIRE is to modernize and improve the inspection process of HUD-assisted properties with a stronger emphasis on health, safety, and functional aspects. It is designed to be more resident-focused. It promotes transparency and collaboration among property owners, managers, and residents

 

Areas Covered in this Training:

-Purpose of REAC and INSPIRE

-New inspection process

-New scoring system

-New inspection frequency

-NSPIRE Goals

-The Demonstration Process

-Discussion of some of the new deficiencies

-Understanding the latest protocol on NSPIRE

-Explaining the NSPIRE Demonstration

-Discussing new NSPIRE deficiencies

-NSPIRE – The New REAC Inspection

-NSPIRE Demonstration Details

-Categories of Deficiencies

-2023 Repair Reporting Update

-Scoring –What We Know So Far

 

Why you should Attend:

REAC has not been updated for over 15 years. Now with HUD’s release of the INSPIRE model it is imperative that one becomes familiar with how these changes will affect you and your property. This is the new “hot topic”. Since there are major changes to the inspection system (first change in over 15 years) it is imperative that managers and owners understand the nuances of the changes. It will affect them for years to come. It will be implanted in October of 2023. 

 

Duration – 60 Minutes

 

Suggested Attendees:

-Property Managers

-Property owners

-Leasing Consultants

-Housing Authority Staff

-Compliance staff

-Developers

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