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HUD to Publish Notice Establishing Final Rule to Implement NSPIRE Provisions

Tuesday, May 9, 2023 - 9:30AM

The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Thursday’s Federal Register establishing the final rule for the National Standards for Physical Inspection of Real Estate (NSPIRE), which will guide inspection and evaluation of HUD-assisted housing. The final rule is effective July 1 except for 13 provisions that are highlighted in the notice. They will be effective Oct. 1. NPSIRE will help HUD align and consolidate its inspection standards and procedures and incorporates provisions of the Economic Growth and Recovery, Regulatory Relief and Consumer Protection Act for all of HUD’s programs.

Listen next week to the May 16 episode of the Tax Credit Tuesday podcast, in which Michael Novogradac will discuss NSPIRE and other upcoming compliance issues with Novogradac principal and director of multifamily compliance Stephanie Naquin.

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