PBCA CONTRACT UPDATE
Kentucky Housing Corporation has received an extension of the Performance-Based Annual Contributions Contract (ACC) with the U.S. Department of Housing and Urban Development (HUD). Under this ACC extension, HUD re-instated responsibilities for conducting Management and Occupancy Reviews (MOR).
During this extension period we do not anticipate being able to conduct all reviews; however, we have agreed to a portion of the properties in our current portfolio with HUD. Please keep in mind that HUD staff are still conducting their own reviews as well.
We are encouraging all property owner and management agents to be prepared for these type of reviews. Stay current on all HUD policies and procedures and ensure that all property management staff are aware of any changes that you have made in your own individual policies. Ensure that staff have access to training and materials that are necessary to ensure HUD requirements and regulations are being followed.
When conducting an MOR, KHC is responsible for following the guidelines that are outlined in the HUD Handbook 4350.1, Chapter 6. The review is conducted using the HUD-9834 form. The latest version of this form was posted to HUD's website in June 2016.
To stay informed and ready, KHC staff recommend reviewing the following:
For additional information on how to be prepared for an MOR, please review our MOR presentation.
For more information, contact:
Kentucky Housing Corporation | 1231 Louisville Rd., Frankfort,
KY 40601 502-564-7630; 800-633-8896 (KY only); TTY 711