Coalition Letter to HUD Re NSPIRE Natl Standards for the Physical Inspection of Real Estate

On April 27 NAR signed on to a letter to the United States Department of Housing and Urban Development

(“HUD”) in response to the Agency's request for public review and comment on the proposed National Standards for the Physical Inspection of Real Estate (“NSPIRE”) physical inspection scoring and ranking methodology to implement HUD's final NSPIRE rule for Public Housing and Multifamily Housing programs, including Section 8 Project-Based Rental Assistance (“PBRA”) and other Multifamily assisted housing, Section 202/811 programs, and HUD-insured Multifamily as described in the NSPIRE proposed rule. The signatories, which represent multifamily owners, operators, developers, housing cooperatives, property managers, housing agencies and lenders involved in the provision of rental housing, both affordable and conventional, to millions of American families, offer the following comments. Notably, many of these Housing Organizations own or manage properties with PBRA or accept Housing Choice Vouchers (“HCV”) under the Section 8 program.