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How to Prepare for a HUD or Tax Credit Audit with New Updates
- We will discuss file organization and setup. The major item in an audit are the tenant files. Each program has its own file setup and we will cover what is needed for compliance
- Also covered is the physical inspection of the property. What items to look for and how they affect the overall score on the audit
Overview of the webinar
We will review best practices. There are many sections to a MOR or Tax Credit we view. By attending you will learn from actual examples of pictures of “real world” mistakes.
Who should attend?
- We will review best practices. This is important for landlords to understand to keep them from doing something that will result in a fair housing violation
Why should you attend?
This seminar will have all the new updates from HUD which are effective in September 2022. These changes will give direction on many facets of a MOR audit.
This seminar will review and provide tips on file management as well as the physical inspection items to watch for during a MOR
Faculty - Mr.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 State of South Dakota. In this assignment he has developed a program that is one of the first of its kind in the nation. It involves being an Ombudsman for fair housing issues. In this role he takes calls from anyone who may have a fair housing or landlord tenant question. He attempts to resolve the issue before it has to go to HUD. This has been a successful program and he takes over 900 calls a year.
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. He is a certified trainer for a national company which specializes in HUD and Tax Credit education.
He holds numerous professional property management designations.Paul has served on numerous boards and commissions that deal with real estate, property management and fair housing issues and is in demand as a speaker in the affordable housing industry.