HUD consolidating multifamily program offices

In a move that’s ultimately expected to save up to $45 million a year when fully implemented in 2016, the Department of Housing and Urban Development (HUD) this fall will begin restructuring its Office of Multifamily Housing Programs, consolidating field employees who work in 50 offices around the nation into 10 offices located in located in New York, Atlanta, Chicago, Fort Worth, San Francisco, Boston, Jacksonville, Detroit, Kansas City, and Denver. HUD’s Office of Field Policy and Management will also close 16 of its 80 field offices this year to save $110 to $150 million during a 10-year period. All 900 employees affected by both moves will be offered a position and relocation assistance, or they can elect to accept incentives for voluntary separation or early retirement. Source: HUD.