Housing Notice H 2013-23, Change in Annual Financial Statement (AFS) Submission Requirements for Some Multifamily Housing Projects, has been published and is now available on the NAHMA website.
This Notice revises the financial reporting requirements for some multifamily housing projects. Specifically, it relieves the Owner of small multifamily projects of the burden and cost of submitting audited financial statements. For purposes of this Notice, the term small multifamily housing project means a project for which the Owner is under an obligation to submit an audited financial statement but receives less than $500,000 in combined federal financial assistance.
To view this notice, please follow this link to the NAHMA HUD page