The Capital Needs Assessment (CNA) e-Tool automates and standardizes the preparation, submission, and review of a capital needs assessment. Use became mandatory on November 1, 2017 for FHA multifamily mortgage insurance applications.
Use of the CNA e-Tool for all Rental Assistance Demonstration (RAD) conversions; 10-year update capital needs assessments for FHA-insured multifamily properties; and other asset management milestones, such as partial payment of claims, become mandatory on February 1, 2018.
Publications and Announcements
The Government Paperwork Elimination Act (GPEA) (P.L. 105-277, Title XVII) allows citizens to use electronic technologies when filing information with, or retrieving it, from the Federal Government. The online mode of information collection will assist HUD with complying with the provisions of GPEA. Public reporting burden for this collection of information is estimated to average forty hours per response. Responses are mandatory and approved under OMB control number 2502-0505. This agency may not collect information and you are not expected to respond, unless the survey displays a currently valid OMB control number. This information is being collected under Public Law 101-625 which requires the Department to implement a system for insuring mortgages under Sections 207,221,223,232, or 241 of the National Housing Act. The information will be used by HUD to approve rents, property appraisals, and mortgage amounts, and to execute a firm commitment. Confidentiality to respondents is ensured if it would result in competitive harm in accord with the Freedom of Information Act (FOIA) or if disclosure could impact HUD’s ability to provide housing units under the referenced sections of the Act.