LA Wildfires: Fraud Risk Awareness for Affected Residents
The devastating and tragic wildfires in Los Angeles, like many natural disasters, have caused hardship conditions that leave individuals, businesses, and communities vulnerable to bad actors who take advantage of those impacted by these severe weather emergencies.
HUD’s Office of Multifamily Needs To Improve Its Oversight of PBRA and FHA-Insured PBV Properties Converted Under RAD
HUD’s Office of Housing contracts with performance-based contract administrators to administer the housing assistance payments (HAP) contract with owners. Through RAD, HUD oversees the HAP contracts for converted properties and monitors owners for compliance with HUD’s requirements, which include maintaining (1) units in decent, safe, and sanitary condition and (2) reserve for replacement accounts to help defray the cost of replacing properties’ capital items.