Leading Sustainability Firm, greeNEWit, Offers Assistance Implementing the New HUD Utility Allowance Methodology Requirements
Summary
If you’re a mutlifamily building owner/agent or an accounting firm and would like to to learn more about our HUD utility allowance services, email Michael Santiago, Director of Multifamily Energy Solutions at michael.s@greeNEWit.com.With clients that include some of the most successful developers and managers of student, military, and multifamily housing, greeNEWit is a tech-enabled service business in the growing clean-tech space.On June, 22, 2015, HUD issued a notice detailing new sampling methodologies owners and management agents (O/As) are required to use to determine baseline utility allowances for each of their bedroom sizes.Owner financing options regarding the possible acquisition of software to perform the analysis and a one-time management add-on fee during the first year of implementation is also discussed in the Notice.If your residents receive a utility allowance, these new procedures will impact your contract renewal or rent adjustment submission.If you’re a mutlifamily building owner/agent or an accounting firm and would like to to learn more about our HUD utility allowance services, email Michael Santiago, Director of Multifamily Energy Solutions at michael.s@greeNEWit.com.About greeNEWitgreeNEWit is the national leader in sustainable community development and smart grid integration.