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HB23560CHAPTER 3: PROPERTY MANAGEMENT 3.1INTRODUCTIONThis chapter provides an overview of the essential responsibilities for property management. In general, the borrower is responsible for providing
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The chapter 3 property management refers to the guidelines and procedures for managing properties funded by USDA programs.
Property owners and managers who have properties financed through USDA programs are required to file chapter 3 property management reports.
To fill out the chapter 3 property management report, property owners and managers must provide detailed information about the property, tenant income certification, and maintenance records.
The purpose of chapter 3 property management is to ensure that properties funded by USDA programs are properly managed and maintained according to program requirements.
The property management report must include details on tenant income certifications, maintenance activities, and any changes in property ownership or management.
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