HUD Issues Guidance for Provisions in the Streamlining Administrative Regulations Final Rule

HUD recently released HUD Housing Notice 2016-09, Streamlining Administrative Regulations for Multifamily Housing Programs. The notice provides guidance regarding the implementation of the Streamlining Final Rule. According to HUD, the Streamlining Rule will allow for improvements in program operations that reduce costs and enhance efficiency while maintaining HUD’s core program oversight functions. There are 16 programmatic changes found in this final rule, four of which apply to Multifamily Housing programs. The final streamlining rule was issued in March 2016.