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HUD is providing owners and managers with guidance on converting studio units into one-bedrooms.
By issuing an official memo on conversions this February, HUD is seeking to impose consistency on a regulatory area in which there had previously been no clear policy, says Denise Muha, executive director of the National Leased Housing Association (NLHA). Muha explains what the recent memo outlining new requirements on conversions could mean to you as an owner or a manager.
