HUD Postpones 10-Year Project Capital Needs Assessments
On Dec. 4th, the Department of Housing and Urban Development (HUD) published a memo with supplemental guidance for 10-year Project Capital Needs Assessments (PCNAs). Due to COVID-19, HUD had previously allowed the postponement of regular 10-year PCNA updates until Sept. 30, 2020. Because of continued difficulty conducting in-person CNAs, and to allow additional time to schedule, conduct, and submit PCNA reports, HUD will extend the postponement of its regular 10-year PCNA to March 31, 2021 for properties with PCNA reports that are due between March 15, 2020 and March 31, 2021.
Any questions regarding the memo should be directed to HUD’s Michael Bruggman at 202-402-5619 or Michael.Bruggman@hud.gov.
Contact: Sara Neitzel, sneitzel@leadingageny.org, 518-867-8835