REAC Updates 2023

This webinar 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”. Our expert speaker has much experience and will share through actual experiences to enhance learning.

• You will come 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.
• 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. We will make sure that this concept is completely understood. Other 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.

Webinar Objectives

The objective of the new ruling 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. Our expert speaker will explain the concepts and the actual rules.

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?
• These are the prime areas to be covered in this session. There will be time for questions and answers his seminar will answer the following questions, and more.

Who Should Attend

• Managers
• Owners
• Attorneys
• Compliance staff
• Maintenance Staff