HUD
We Are A Certified B Corp™
Using Business as a Force for Good.
Nova’s Department of Housing and Urban Development (HUD) division conducts on-site inspections to evaluate the general condition, overall design, and structural elements of buildings. Nova’s HUD division includes licensed professionals with substantial experience completing HUD services.
Consulting Services provided by Nova’s HUD division include:
HUD MAP/LEAN Property Condition Needs Assessments (PCNAs)
HUD RAD PCNAs
HUD MAP/LEAN Phase I Environmental Site Assessments (ESAs)
Capital Needs Assessments (CNAs) - Online 3.0 System
HEROS (HUD Environmental Review Online System)
ANSI-AARST MAMF-2017 Radon Testing
HUD Compliant Baseline & Comprehensive Asbestos Testing and O&M Plans
HUD Compliant Lead-Based Paint Risk Assesments and O&M Plans
HUD Architectural Cost and Review for New Construction and Sub-Rehabs
Archeology, Wetlands, and FEMA Studies (5-Step & 8-Step Processes)
HUD Intrusive Testing (Electrical & Sewer)
SEDI, Energy Benchmarking, ASHRAE Level I, II, & III Audits, and NGBS Certification
NECA Tables (15 and 20 years)
What sets us apart?
Nova Etool Converter Assistant (NECA) Tables
We developed the NECA tables software to help our clients and staff easily create and modify tables related to Critical, Non-Critical, and Reserve for Replacement (R4R) items. These tables, which are not under HUD's control, give more flexibility in delivering component tables to HUD. NECA smoothly connects with HUD's CNA e-Tool 3.0 system, making the submission process more efficient, and reducing revision times significantly.
NECA also works with HUD's Financial Factors Tool (FFT) to ensure compliance with R4R requirements. This helps lenders determine their initial and ongoing annual deposits over a 20-year period.
Priority Access For High Volume Clients
Dedicated staff for revisions after draft issuance.
Customized templates for quicker delivery and turnaround time.
Dedicated Senior Manager and Project Managers (Assessors) for your account. You will speak with the same personnel regarding any deal in your account.
Dedicated pricing allowing acceleration of your deal from originations to site visit date.
Streamlined Process
Clients receive documentation checklists before starting any engagement.
Site visits are requested within 5 business days of engagement.
We conduct ongoing reviews of documents leading up to the report delivery date, maintaining open communication channels with both the client and property personnel.
Draft reports are delivered within 30 days of the site visit.
HUD Energy
Nova meets the definition of Energy Professional as outlined by HUD.
Our HUD Energy services include:
Energy Audits Level I, II, and II
ENERGY STAR® Certification
ENERGY STAR® Portfolio Manager® Benchmarking
All HUD energy audits require the following:
Inspection of 25% of apartments and 100% of vacant apartments
Inspection of all common areas and shared mechanical systems
Review of building plans and operational data
Interviews with key site personnel
HUD MAP/MIP Loans
Nova’s HUD energy audits comply with MAP/MIP loans. We provide the following:
Priority Access For High Volume Clients
Statement of Energy Design Intent (SEDI) for new construction/gut rehab
Statement of Energy Performance (SEP) for existing buildings
ASHRAE Level II energy audit for all substantial rehabilitation projects that achieve an ENERGY STAR® score of less than 60.
ENERGY STAR® verification visits and application submission for existing buildings that achieve a score of 75 or greater
Green Physical Needs Assessment (GPNA) Requirements for Public Housing Authorities (PHAs)
HUD mandates that properties older than five years must undergo an energy audit. Public Housing Authorities (PHAs) are also obligated to conduct an energy audit at least once every five years.
These audits aim to identify water and energy conservation measures along with the associated cost savings.
The recognized measures will be inputted into HUD's CNA e-Tool as alternate items in cost projections, helping calculate the simple payback for each considered Energy Conservation Measure (ECM).
What’s Involved?
An analysis of utility bills
An analysis of utility bills
An energy walk-through survey to assess ECMs
Interviews with property and maintenance personnel, and residents
RAD PCA Parts 2 and 3:
Part 2: Energy Audit
The RAD PCA Part 2 energy audit assesses the property's energy and water usage while documenting potential improvements for conservation. This includes outlining the cost of energy saving improvements and estimating their financial payback. Energy and water-saving measures are then recorded as alternatives within the CNA e-Tool.
Part 3: Utility Consumption Baseline
The Utility Consumption Baseline assesses data on all utility usage at the property for a full twelve month period. This establishes a baseline for benchmarking and serves as a reference for future measurements of consumption and associated costs.
Senior Vice President, Director of HUD Services
Dan Frink
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