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Industry News Categories

  • APPS (5)
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March 7, 2016 in FASSUB, Secure Systems

Access to HUD’s Secure Systems For Annual Financial Statement Electronic Filings

PMCS 0 Like Post Comments Off on Access to HUD’s Secure Systems For Annual Financial Statement Electronic Filings

Access to HUD’s Secure Systems For Annual Financial Statement Electronic Filings By March 31, 2016, several HUD property Owners, or their representative auditors, must submit annual financial stateme ...

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October 28, 2015 in Breaking News, FASSUB, Secure Systems

HUD Issues an Additional FASS Filing Extension for Owners with 6/30/2015 Fiscal Year Ends

PMCS 0 Like Post Comments Off on HUD Issues an Additional FASS Filing Extension for Owners with 6/30/2015 Fiscal Year Ends

HUD Issues an Additional FASS Filing Extension for Owners with 6/30/2015 Fiscal Year Ends On October 27, 2015, HUD posted an additional global extension to December 31, 2015 for those owners with f ...

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March 11, 2015 in Breaking News, FASSUB, REAC

Annual Financial Statement (AFS) Filing Deadline; Validation Errors; FASS Service Outage

PMCS 0 Like Post Comments Off on Annual Financial Statement (AFS) Filing Deadline; Validation Errors; FASS Service Outage

AFS Filing Deadline - There has been no indication from REAC that a filing extension will be issued; therefore, filers must adhere to the 90-day filing deadline. REAC has indicated, however, that alth ...

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March 21, 2014 in FASSUB

Reminder: FASSUB Extension and Preparation

PMCS 0 Like Post Comments Off on Reminder: FASSUB Extension and Preparation

If your fiscal year ended on December 31, 2013, and your property is required to submit an annual financial statement electronically through FASSUB, you have extra time! HUD has authorized a 30-day ex ...

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February 21, 2014 in FASSUB

New FASS (Financial Assessment Sub-System) Documents

PMCS 0 Like Post Comments Off on New FASS (Financial Assessment Sub-System) Documents

You may have noticed some new documents on the FASSUB webpage recently.  Read more about new items posted by REAC.

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January 7, 2014 in FASSUB

Global 30-day Extension for 12/31/13 Submissions

PMCS 0 Like Post Comments Off on Global 30-day Extension for 12/31/13 Submissions

Financial Assessment of Multifamily Housing (FASS-MF). (2013, January 6) The Office of Housing has authorized a global 30-day extension to all owners with fiscal years ended 12/31/13.

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January 3, 2014 in APPS, FASSUB

APPS and FASSUB Updates

PMCS 0 Like Post Comments Off on APPS and FASSUB Updates

A couple of important updates: The Active Partners Performance System (APPS) currently has a glitch caused by the December 21, 2013 software release. And Notice 2013-23 allows you to submit owner-cert ...

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September 20, 2013 in FASSUB

FASSUB to Delete pre-2011 DRAFT Submissions

PMCS 0 Like Post Comments Off on FASSUB to Delete pre-2011 DRAFT Submissions

The FASS-MF team will be deleting submissions that are in a draft status where the last update to the submission occurred prior to January 1, 2011.

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September 4, 2013 in FASSUB

Small Projects Can Submit Owner-Certified Financials to FASSUB

PMCS 0 Like Post Comments Off on Small Projects Can Submit Owner-Certified Financials to FASSUB

On August 8, 2013, HUD issued Notice H 2013-23, changing the annual financial statement (AFS) submission requirements for some small multifamily housing projects.

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June 7, 2013 in FASSUB

515/8 Properties Now Exempt from FASSUB Reporting

PMCS 0 Like Post Comments Off on 515/8 Properties Now Exempt from FASSUB Reporting

As of May 23, 2013 owners of properties with a USDA Section 515 Rural Rental Housing loan and a HUD Section 515/8 New Construction Housing Assistance Payments (515/8 HAP) contract are no longer requir ...

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