Purging Files at Year-End? Better Review HUD’s Record Retention Rules First
Applicant and tenant file records are important pieces of source documentation that’s used as evidence to support determinations and conclusions in all areas of occupancy. It’s important for a manager to ensure that all tenant application and occupancy files are maintained in accordance HUD rules and with an owner’s standard operating procedures. These files are subject to inspection by HUD to assure compliance with funding requirements and fair housing regulations.