HUD-REAC 101: An Overview and Thorough Explanation of the Latest Updates 2022

Date: September 20, 2022
Time: 01:00 PM ET
Duration: 90 Minutes
Speaker: Paul Flogstad

$0.00

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Description

This webinar will go into detail on the 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 LIHTC properties so this course 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.

 

Session highlights

This will be a real-world course. It is just not textbook answers but solutions and examples of what is “real world”. Instructor 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 time lines involved.

 

 

Benefits of attending session:

·  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?

 

Who should attend ?

·  Property managers

·  Property owners

·  Lenders

·  Realtors

·  Developers

·  Builder

Speaker

Paul Flogstad

Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, mortgage consulting and brokerage, property management and property management consulting/training.

Through his consulting company, Property Management Solutions, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.
He specializes in fair housing issues and has developed fair housing and outreach programs for governmental agencies as well as conducting seminars which are presented to property management companies, apartment associations and the general public. He also conducts research analysis for impediments to fair housing for grantees of federal CDBG funds.

Most recently, he has been a consultant to the City of Sioux Falls and the State of South Dakota. In this assignment he has developed a fair housing awareness program that is one of the first of its kind in the nation. It involves a three pronged approach to fair housing awareness. This approach makes use of an ombudsman concept and has proven to be very effective in dealing with discrimination and landlord/tenant issues.

For over twenty years was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest. Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development, HOME and Tax Credit programs.

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