As part of an effort to streamline Federal Housing Agency (FHA) operations and realize cost savings, the U.S. Department of Housing and Urban Development launched a major restructuring of multifamily field offices in April. During a recent meeting with NMHC/NAA and other multifamily trade groups, Marie Head, special advisor and lead for the FHA multifamily transformation project stated the transition was moving forward with minimal roadblocks.
Currently, FHA continues to negotiate with the three unions that serve the FHA multifamily employees throughout the nation, but expects to have the first phase of the consolidation affecting the Fort Worth and Kansas City HUBs complete later this year. FHA has the budget authority and approval of the US Office of Personal Management for the buyout program to begin once the union negotiations are completed.
FHA plans to reduce the number of HUBs and field offices from 150 offices to 10 offices, with the consolidation completed by late 2015 and transition fully implemented at the beginning of 2016.
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