The Department of Housing and Urban Development is continuing with its planned closures with one furlough day set to take place Friday, May 24 as a result of sequestration cuts mandated by the federal government.
HUD will be closed a total of seven days between May 24 and Friday, August 30 in order to adhere to the spending cuts that are taking place across government departments.
The Department outlined the closures in March, upon the announcement HUd would have to reduce salaries and expenses by $66.6 million.
“…the sequester will require Department to furlough staff and take reductions for systems maintenance and in other areas which may result in delays in processing mortgage insurance applications,” a letter from officials to multifamily partners stated.
Employee furloughs, beginning Friday, could delay loan closings, HUD said.
The dates are subject to change, were tentatively planned for May 10; May 24; June 14; July 5; July 22; Aug. 16; and Aug. 30.
HUD is also studying its commitments on contracts, equipment, travel and training as a means to reach the required cuts.
Written by Elizabeth Ecker