The Office of Housing has authorized a global 30-day extension to all owners with fiscal years ended 12/31/13. This extension is being offered to allow owners and auditors additional time to adapt to the requirements of Housing Notice H 2013-23, and the FASSUB system release on December 6, 2013, that implemented revisions to the HUD Consolidated Audit Guide, Handbook 2000.04. Submissions with fiscal years ended 12/31/13 will now be due on April 30, 2014.
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|Multifamily (FASSUB System) Deadline Extension|
|Lender (LEAP) Recertification Extension|
HUD has announced the deployment date for LEAP will be May 9, 2014. Therefore FHA Lenders may begin their annual recertification procedures starting May 9, 2014. Lenders will have until June 9, 2014 in order to provide them with 30 days of system access to complete the process. This extension applies to Lenders with December 2013, January 2014 or February 2014 Fiscal Year End. http://portal.hud.gov/hudportal/documents/huddoc?id=sfh_leap_recert_audit.pdf
More information can be found on HUD’s LEAP Information page.