HUD REAC Seeks Feedback on Expanded Property Inspection Standards

HUD’s Real Estate Assessment Center (REAC) has expanded the number of inspection items open for feedback from five items to 65 items before REAC fully implements HUD’s National Standards for the Physical Inspection of Real Estate (NSPIRE) model demonstration. This is part of HUD’s efforts to change the 20-year-old REAC physical inspection system to better reflect the physical condition of privately owned, HUD-subsidized housing. HUD is seeking PHAs and owners of private HUD-assisted multifamily properties to volunteer for its REAC pilot project.