It's Official...Change 2 has been released!

The long awaited Change 2 of the 4350.3 Handbook was posted to hudclips 7/16/07. A Transmittal outlining the changes is included in the HUDClips posting.

A Link to full document on hudclips is found below.

Where changes will be found:

Handbook 4350.3 REV-1, Change-2, "Occupancy Requirements of Subsidized Multifamily Housing Programs."

Revised Table of Contents
Revised Exhibit Table of Contents
Revised Appendices Table of Contents
Revised Chapter 1
Revised Chapter 2
Revised Chapter 3
Revised Chapter 4
Revised Chapter 5
Revised Chapter 6
Revised Chapter 7
Revised Chapter 8
Revised Chapter 9
Revised Appendices
Revised Glossary

These changes are effective June 29, 2007. Unlike previous changes, and in response to Multifamily Housing's business partner requests, owners/management agents have 90 calendar days from the effective date, or September 24, 2007, to implement those changes requiring modifications to their TRACS software. The only exception to this would be if there are modifications that cannot be made at this time due to incompatibility with HUD's TRACS system. If this occurs, further guidance will be forthcoming.

We will provide you with additional information as soon as we have a chance to review the final release. We will announce a Change 2 Class Schedule in the next couple of days.

Click Here to go to hudclips, then click on What's New, then click the link Occupancy Requirements of Subsidized Multifamily.

We will be offering a Change 2 class along with a complete electronic version of the handbook on CD in the coming weeks!

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