HUD Updates Handbook Chapter on Emergency Guidance
HUD has issued an updated version of Chapter 38 of its Handbook 4350.1, Multifamily Asset Management and Project Servicing. Chapter 38 is entitled, “Emergency/Disaster Guidance—Office of Multifamily Housing Programs.”
The revised chapter assembles guidance HUD issued in notices and memoranda since Hurricane Katrina. The updated chapter serves to capture knowledge on how to respond efficiently to a presidentially declared disaster (PDD) and covers many different aspects of servicing multifamily sites that become damaged or vacated due to a PDD.
The revised chapter also applies to all HUD-insured/assisted sites in situations where the Hub director determines that an emergency exists. The procedures outlined are intended to help HUD staff, owners, and communities react to emergency situations.