Management Fee Add-On for Homeless Preference Available
HUD’s Office of Multifamily Housing (OMH) has been working to increase the number of assisted properties with homeless preferences and previously homeless admissions to its housing inventory. In recognition of the time and effort spent by management agents to establish and administer a homeless preference, OMH has announced the availability of a new management fee add-on and special fee.
Owners of multifamily assisted housing can now negotiate an add-on and/or a special fee with their property management company to assist in implementing a homeless preference.
- A special management fee will be permitted during a nine-month start-up period to enable owners/agents to create and implement the homeless preference process. The special fee amount is $2.50 PUPM. (For example, a 100-unit property can collect up to $2.50 x 100 units x 9 months = $2,250.)
- Once the homeless preference is in place, management agents may collect a monthly add-on fee as long as at least one previously homeless individual or household is admitted to a particular property during a one-year period. The add-on fee is $2.00 PUPM. (For example, a 100-unit property can collect up to $2.00 x 100 units x 12 months = $2,400 in a one-year period.)
For more information,sign up for the Homeless Preference mailing list.