HUD publishes preservation workbook and recapitalization tool

HUD’s Office of Recapitalization published two documents that guide owners through the process of developing a preservation strategy for their HUD-insured or -assisted multifamily affordable rental properties. The "HUD Preservation Workbook: Successful Stewardship of Multifamily Housing Recapitalization" is designed to support the exploration and decision-making that owners will undertake to preserve their properties. The workbook is meant to be used in tandem with the Recapitalization Excel Tool. The tool contains numerous spreadsheets for owners to enter baseline information about the property, its current Section 8 contracts and financing structure, financial performance and physical condition.

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