multi-familyThe scheduled go-live date of September 1st for TRACS 202D has come and gone. The Department of Housing and Urban Development (HUD) postponed the roll out of 202D as the Office of Management and Budget continues to review HUD forms required for 202D.

In the interim HUD released HUD Handbook 4350.3 REV-1, Change 4. Note, all of the provisions stated in the new handbook were to take effect immediately. In hindsight, HUD has issued an extension to allow agencies to update policies and get acclimated to the changes. Moreover, the extension will allow time for Yardi to incorporate the necessary changes and test them.

At the 2012 Spring conference in Washington DC, Yardi was anticipating their release of TRACS 202D compliant software earlier this year. However the continued delays involving HUD may push this out well into 2014.