Printer Friendly

FINAL LEAD RULE FOR FEDERALLY ASSISTED.

HUD has just released the final rule on lead-based paint hazard reduction in federally assisted housing, which will go into effect September 15, 2000. One provision that prohibits dangerous methods of removing paint goes into effect on November 15, 1999.

The rule applies to all types of assistance--including Section 8, tenant-based rental assistance, rehabilitation assistance, and mortgage insurance. The rule excludes properties build after January 1, 1978, properties designated for elderly or disabled (except when a child under six lives there), housing certified as lead free, and nonresidential property.

Requirements under the rule vary based upon the age of the property and the type of assistance received. Projects built before 1960 (when more lead was present in paint) must meet more stringent hazard reduction requirements. For example, pre-1978 property receiving project-based assistance of up to $5,000 per unit generally 'must complete a visual assessment, conduct a paint stabilization with clearance, provide a notice to residents of the results of the clearance, and carry out ongoing lead-based paint maintenance. However, the same type of property constructed before 1960 must complete a risk assessment before September 17, 2001. In both cases, more stringent requirements take affect if a child under six at the property has an environmental intervention blood level. Properties that receive higher levels of assistance per unit must also meet more stringent requirements.
COPYRIGHT 1999 National Association of Realtors
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Journal of Property Management
Article Type:Brief Article
Date:Nov 1, 1999
Words:224
Previous Article:PRESIDENT'S LETTER.
Next Article:FINANCIAL MODERNIZATION.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters