Today, HUD published a HUD Preservation Workbook to lead owners through the process of developing a preservation strategy for multifamily affordable rental properties. Used together, these two documents can help owners answer questions about potential preservation strategies, such as how to finance capital improvements, whether the property needs new financing, and what level of rental assistance might be available to the property.
The Preservation Workbook is designed to support the exploration of decision-making that owners undertake to preserve their properties. Each chapter has exercises and other resources designed to help owners identify issues and opportunities, develop a preservation plan, and do financial analysis to determine the viability of potential strategies.
The Workbook is meant to be used in tandem with the Recapitalization Excel tool, which contains numerous spreadsheets into which owners can enter baseline information about the property, its current Section 8 contracts and financing structure, financial performance, and physical condition.