FAST Act

Interim Final Rule:  Streamlining Administrative Regulations for Multifamily Housing Programs…. FAST Actn Federal Register Vol. 82 No. 237 58335nSummary of Key Issuenn  In cases of 90{702b1bfd3fca8adb5d701d518597787f476258323f3a38e5dba1f0e3529aa4aa} fixed income, third party recertification/verification is required every third year; interim years are self-certified.n Utility reimbursement of $45 or less can be given out every quarter and/or per management disbursement frequency policyn  Declaration from family (self-certification) will be accepted for net assets $5000 or less; however, 3rd party verification for all family assets will be required every third year and at move-in. nnnPlease contact an NHC Compliance Manager if you have any questions or need assistance in implementing this change.n n