HUD COVID-19 Q&A – UPDATED 4/2/21

HUD has just released an UPDATED COVID-19 Q&A

New information will show “Updated 4/2/21”

Important information is included to address:

• Requiring COVID-19 testing or vaccination for residents
• Facilitating on-site vaccines
• CARES Act Higher Education Emergency Relief Fund (HEERF)
• Extension for Annual Financial Statements
• Electronic Transmission of Tenant Files to Independent Public Auditors
• Interim Recertifications due to decrease in Tenant Rent
• Stimulus Payments and Income
• Personal Protective Equipment (PPE) as an allowable medical expense for residents
• Owner/Agents ability to access Property Operating Accounts
• Bad debts exceeding Gross Rent Potential
• Process for releasing Debt Service Reserve Escrow