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Revision to HUD Handbook 4381.5

Thursday, March 22, 2012

On March 16, HUD issued a revision to chapter 6 of HUD Handbook 4381.5, REV-2, "The Management Agent Handbook"

The change to HUD Handbook 4381.5, REV-2 revises the current requirements for Retirement Accounts for Front-Line Staff. HUD received many concerns from the housing industry, which prompted a review of current policies regarding this issue. HUD has increased the base pay cap of eligible employees for which the projected cost of employer contributions may be paid out of project funds. In addition, HUD has decreased the weekly hour cap for permanent, front-line employees that are considered eligible for Retirement Accounts.

To view the updated section, please click on the following link.  HUD Handbook 4381.5, REV-2

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