How to prepare for the inspection, what are the rules for correcting deficiencies and the timelines involved!
REAC Inspections have resumed after a temporary pause due to the COVID-19 pandemic. Also, HUD is recognizing the new National Standards for the Physical Inspection of Real Estate (NSPIRE) platform which has combined inspection areas and changed the point system on the inspection. Join us for this information-packed webinar with industry expert speaker Paul Flogstad, and make sure that you understand the concept thoroughly before you encounter an Inspection. With the new Inspection guidelines, several new aids are given to the inspector to compute the scores. One of the newer concepts is the frequency of inspections as well as the possibility of self-inspections.
This webinar by Paul will go into detail on the Uniform Physical Condition Standards (UPCS) property standard guidelines as well as the Real Estate Assessment Center (REAC) inspection process. It will contain information on the latest rules and how they are interpreted during an inspection of the property. The UPCS guidelines are required for Low-Income Housing Tax Credit (LIHTC) properties so this session will go into detail so that you may remain in compliance. There will be a number of actual photos of non- compliance items to give you a better understanding of the need for these minimum standards. Learn how to schedule, how to accompany the inspector while at your property and how to stop a REAC inspection in progress if need be.
This will be a real-world course. It is just not textbook answers but solutions and examples of what is “real world”. Paul has much experience and will share actual experiences to enhance learning. After attending the session, you will walk away with an understanding of the rules pertaining to REAC as well as the entire inspection process. This should be mandatory attendance for anyone involved in property management. This is an important inspection, and you should learn what needs to be done in preparation for the inspection, what the rules are for correcting deficiencies, and the timelines involved.
Webinar Objectives
The objective of this webinar is to make you understand the new ruling, which is to make the inspections more realistic. It focuses on the properties that truly need attention. Some of the properties that have a good track record of being well maintained will not need the thorough inspections so that the distressed properties can be reviewed closer and more often. Paul will discuss the concepts and the actual rules in detail during the webinar.
Webinar Highlights
There are practical, "real world" examples of HUD cases of not granting a reasonable accommodation request and the financial repercussions involved.
- What are the latest updates to UPCS rules
- How are these rules interpreted
- How often will we be inspected?
- What do the scores mean?
- What are my rights during an inspection?
- What are Exigent Health and Safety Items and how are they mitigated?
- How do I get a copy of the report?
- Q & A Session
Who Should Attend
- Managers
- Owners
- Attorneys
- Compliance staff
- Maintenance Staff
