As a result of an agreement with congressional appropriators, HUD has modified its previously announced multifamily field office reorganization plan called the Multifamily Transformation Initiative. Under the initiative, asset management activities will no longer be subject to multifamily field office and personnel changes. Multifamily production and operations in the field, however, will continue to be consolidated and streamlined as part of the reorganization.
Specifically, the reorganization will consolidate field employees for HUD’s Office of Multifamily Programs who currently work in 17 multifamily hubs, into 5 future regions. Each region will have two field offices - one hub and one satellite - for a total of 10 future multifamily offices in the field. The new structure for production and operations will be:
- New York (hub) and Boston (satellite)
- Atlanta (hub) and Jacksonville (satellite)
- Chicago (hub) and Detroit (satellite)
- Fort Worth (hub) and Kansas City (satellite)
- San Francisco (hub) and Denver (satellite)
HUD’s Office of Multifamily Programs provides mortgage insurance to HUD-approved lenders to facilitate the construction, substantial rehabilitation, purchase and refinancing of multifamily housing projects, as well as administering a number of project-based rental assistance programs. The restructuring plans for its field offices are scheduled to be fully implemented by 2016.
Date Posted: April 10, 2014
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