Financial Assessment of Multifamily Housing (FASS-MF)

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Over 20,000 Multifamily Housing Program participants are required to submit annual electronic financial statement data to HUD for assessing the financial condition of Multifamily Housing Projects.

	Highlights
See all News and Events...   SECURE SYSTEMS UNAVAILABLE All systems will be unavailable from 6am EDT Saturday August 8, 2009 until 2pm EDT Sunday August 9, 2009 for scheduled maintenance. We apologize for any inconvenience.   Clarification of Filing Requirements for Audited Annual Financial Statements for HUD Insured/Assisted Cooperatives.   Verification Screen The Verification screen in FASSUB requires submitters to verify certain critical information that is pulled from HUD's IREMS database (e.g. reporting period, mortgagor type, tax identification number, etc.). It is very important that this information be checked for accuracy and that any errors be corrected before a draft submission template is created. If financial statements are submitted with inaccurate reporting periods or other incorrect information then we must archive them and the owner must resubmit. If there are errors in ownership information the owner must correct these errors in the Active Partners Performance System (APPS). Instructions are available at http://www.hud.gov/offices/hsg/mfh/ apps/appsmfhm.cfm If there are errors in the reporting period you should contact your local project manager.   Passwords for secure systems expire in 90 days if they are not used. Don’t wait till the last Minute! Please test your password and if it needs to be reset contact the REAC Technical Assistance Center via email at REAC_TAC@hud.gov.   Technical Assistance Available via Email   Disappearing Accounts   Accounting Guidance for M2M Projects   Office of Asset Management Memorandum Concerning Leased Nursing Homes   User IDs Disabled after 90 Days of Inactivity   Secure Systems - Multiple Users Now Prohibited from Using Same ID   Terminology Changes in Response to SAS 112   REAC recently changed the name of two accounts   Updated Guidance for Changes in Owner Fiscal Year End