HUD NY Releases Management Fee Bookletter

Friday, August 12, 2011

The HUD New York State Office has completed an analysis of current management fee data. Using this data in conjunction with the requirements in the HUD 4381.5 Rev. 2, The Management Agent Handbook, the HUD New York State Office has revised their management fee policy.

Effective 9/1/11, the maximum acceptable residential fee yield that the HUD New York Office will approve will be capped so as not to exceed $58 per unit per month (PUPM).

For the complete bookletter please click the following link: FY 2011 Bookletter 1