To help the development community continue to navigate through the ongoing COVID-19 pandemic, Multifamily’s Compliance Department has compiled a list of FAQs they have received. All answers are based on currently available information and is subject to change as new information is received.
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Q: Has AHFA suspended its compliance audits/inspections of multifamily funded properties?
A: Since HUD suspended all REAC inspections, we have suspended all physical inspections and will be completing electronic file reviews. We will contact the management for information they will need for a household file review.
Q: Will services that require resident gatherings be suspended until conditions improve?
A: Due to the governor’s limits for gatherings, services that require resident gatherings can be suspended temporarily during this time of uncertainty. If a quarterly or seasonal resident service has been suspended due to COVID-19, it should be conducted later in the year once the governor states it is appropriate.
Q: During this time of national emergency many leasing offices and corporate offices are closed for resident and management personnel safety. Will AHFA allow electronic signatures for leases, tenant income certifications, and verifications?
A: In the interest of protecting residents and management personnel, we are following the guidance HUD’s Office of Multifamily Housing offered to stakeholders on April 2, 2020. This guidance allows electronic signatures during this time of social distancing. Owners should discuss with their legal counsel to ensure electronic methods are acceptable for state law and regulatory purposes. When wet signatures are possible to obtain again, please do so.
To read the rest of the FAQs, click
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