HUD has issued 2 memos regarding the resumption of Multifamily Production and Asset Management Activities following the partial government shutdown.
The first memo discusses issues that may have arisen in loan processing. HUD Multifamily Production staff is working to close as many loans as quickly as possible.
The second memo addresses Contract Renewals and Subsidy payments. HUD is currently allocating new funding to support the renewal of Section 8, Section 202 and Section 811 contracts. In addition, there is additional funding for ongoing Section 8 contracts to ensure timely payments through April 1, 2019.