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HUD Extends Multifamily Submission Deadline

Thursday, January 16, 2014 - 8:00AM

The U.S. Department of Housing and Urban Development’s (HUD’s) Office of Housing has authorized a global 30-day extension on annual financial data submissions to all owners in the multifamily housing program with fiscal years that ended Dec. 31, 2013. Submissions by those owners are now due April 30, 2014. HUD offered the extension to allow owners and auditors additional time to adapt to the requirements of Housing Notice H 2013-23, which allowed certain profit-motivated and limited distribution owners to submit owner-certified financial statements instead of audited financial statements, and to the financial Assessment Subsystem - Multifamily Housing (FASSUB) release on Dec. 6, 2013, which implemented revisions to the HUD Consolidated Audit Guide, Handbook IG2000.04.

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