HUD Publishes Preservation Workbook and Recapitalization Spreadsheet

HUD’s Office of Recapitalization recently published two documents designed to support the exploration and decision-making that you’ll undertake to preserve your site. HUD’s Office of Recapitalization defines “preservation” in terms of three major goals—safeguarding long-term rental assistance for current and future generations; improving and modernizing sites; and stabilizing sites with solid financial footing. And it defines “recapitalization” as a preservation transaction that involves gaining new funds.