04/23/2026
A new ASTM standard was published in the fall of 2024 that every commercial real estate lender and investor should know about β ASTM E3429, the Standard Guide for Property Resilience Assessments.
A PRA evaluates a property's exposure to natural hazards β flood, wildfire, wind, extreme heat, and more β and how the property is likely to perform if those hazards occur. It's designed to accompany your Phase I ESA and Property Condition Assessment as part of a complete due diligence package.
Nobody is requiring them yet. But if the history of Phase I ESAs and PCAs tells us anything, that won't be the case for long.
We just published a plain-language guide explaining what ASTM E3429 is, who needs a PRA right now, and what it means specifically for LIHTC and affordable housing transactions.
πhttps://bit.ly/48OFjjM
ASTM E3429 is the new standard for Property Resilience Assessments. Learn what a PRA covers, who needs one, and what it means for LIHTC.