By conducting trustworthy evaluations of HUD's property holdings, the Real Estate Assessment Center (REAC) helps raise the bar for housing quality. At REAC, our main goal is to assist our customers in making risk-informed decisions about the state of the nation's affordable housing portfolio by providing them with unbiased, actionable assessments.
Rather than focusing on aesthetics, the new NSPIRE model places more weight on functional flaws, safety, and health. It implements inspections that more accurately represent the property's actual physical state. Adopting good maintenance procedures all year round is supported by the NSPIRE concept.
In an effort to modernize the physical inspection procedure, HUD has created the INSPIRE model. In October of 2023, these revised rules will be officially implemented.
Concerned about the efficacy of the REAC Inspections, the HUD devised this model of inspection.
With a greater focus on health, safety, and functional issues, the NSPIRE aims to update and enhance the inspection process of properties assisted by HUD.
Its design prioritizes the needs of residents, Property owners, managers, and tenants can all benefit from increased communication and teamwork made possible by this system.
Why should you attend :
REAC has not been updated for over 15 years. Now with HUD’s release of the INSPIRE model, it is imperative that one becomes familiar with how these changes will affect you and your property.
Areas covered in the session:
Who should attend:
Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, mortgage consulting and brokerage, property management, and property management consulting/training. Through his consulting company, Property Management Solutions, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.
He specializes in fair housing issues and has developed fair housing and outreach programs for governmental agencies as well as conducting seminars which are presented to property management companies, apartment associations, and the general public. For over twenty years was involved in the appraisal of residential, multi-family, farm, and commercial properties throughout the Midwest.
