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HUD addresses accessibility.

HUD RECENTLY ISSUED Mortgagee Letter (ML) H 2012-25, which outlined revised requirements for Project Capital Needs Assessment (PCNA) reports. PCNA reports have long been used to measure the capital requirements for major repairs and replacements of apartment building components during the life of an insured loan.

In addition to increasing reserve requirements from anywhere between $100 to $500 per unit, based on the loan program, the new rules require, for the first time, property owners to include an accessibility assessment in the reports. Under the new requirements, the needs assessor must identify as deficiencies all instances of noncompliance with the design and construction requirements of the Fair Housing Act, the Americans with Disabilities Act and Section 504 of the Rehabilitation Act of 1973.

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Title Annotation:Bureaucracy
Date:Mar 1, 2013
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