||Attention: System maintenance is scheduled for this weekend that will
start Friday 3/18/11 @ 9pm thru Sunday 3/20/11 @ 4:00
pm that will impact FASS-FHA external user’s ability to reset their passwords.
We do apologize for any inconvenience.|
allow the best customer service possible, all users with a 12/31 fiscal year end
date are encouraged to submit their electronic filings as soon as possible. Currently,
only 129 of the 16000 submissions have been received.|
If users are in need of
User ID or Password resets, please contact the TAC at 1-888-245-4860. Users are
encouraged to visit the following link, at any time of the day, and reset their
own passwords by clicking on Password
Reset and following the system automated prompts.
will be interrupted while HP work on the servers.|
HP need to perform
urgent maintenance on the production Java servers to address the performance issues.
While they are doing this users made be disconnected and will have to sign back
Requirements for Cooperative Owners The Office of Asset Management has determined
that all HUD insured and/or assisted cooperatives must submit financial statements
audited in accordance with OMB Circular A-133 for the fiscal year ending 12/31/09
and thereafter. Here is a link to the official memorandum: http://www.hud.gov/offices/reac/products/fass/|
On December 31, 2009 the Office of Asset
Management will run a production utility that will change the mortgagor type of
all cooperative owners to a nonprofit. Beginning January 1, 2010 cooperative
owners will no longer be able to file audits under the Inspector General's Consolidated
Audit Guide IG2000.04. Audits for cooperative owners will have to be filed under
OMB Circular A-133.
of Filing Requirements for Audited Annual Financial Statements for HUD Insured/Assisted
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
If there are errors in the reporting period you
should contact your local project manager.
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.
Available via Email
Guidance for M2M Projects |
of Asset Management Memorandum Concerning Leased Nursing Homes|
IDs Disabled after 90 Days of Inactivity|
Systems - Multiple Users Now Prohibited from Using Same ID|
Changes in Response to SAS 112 |
changed the name of two accounts |
Guidance for Changes in Owner Fiscal Year End|