Research requirements
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Showing 41–60 of 80 results
- federalUnited StatesRD 515Rent and utility allowance changes need Agency written approval, a 20-day tenant comment period and 30 days noticeRequirement excerpt: A borrower must not change a rent or a utility allowance without first submitting a fully documented request to Rural Development and obtaining written consent or approval. At the same time the request goes to the Agency the borrower must…Read conditions and sources →
- federalUnited StatesRD 515Rent collected above basic rent, up to note rent, is overage and must be remitted to Rural DevelopmentRequirement excerpt: Where a tenant's contribution exceeds basic rent, the borrower must remit to Rural Development the rent collected in excess of basic rent and up to note rent. That excess is overage: it is not project income, it is not available to the…Read conditions and sources →
- federalUnited StatesRD 538Review limitationsRent for any Section 538 unit, including tenant-paid utilities, must not exceed 30 percent of 115 percent of AMIRequirement excerpt: The rent for any individual housing unit in a Section 538 guaranteed project, INCLUDING any tenant-paid utilities, must not exceed an amount equal to 30 percent of 115 percent of area median income, adjusted for family size. This is a…Read conditions and sources →
- federalUnited StatesRD RARental Assistance agreements run 12 months or until funds are exhausted, and unused units may be transferred awayRequirement excerpt: A Rental Assistance agreement has a term of the LATER of 12 months from the first disbursement of the obligation, or the point at which funds under the agreement are exhausted. Expiring agreements are renewed automatically at the existing…Read conditions and sources →
- federalUnited StatesRD RARental Assistance assigned to a sitting tenant mid-month does not reduce rent until the first of the next monthRequirement excerpt: Where a Rental Assistance unit is assigned to an eligible EXISTING tenant on a day other than the first of a month, the Agency will not provide the borrower Rental Assistance for that newly assigned tenant and the tenant does not pay…Read conditions and sources →
- federalUnited StatesRD RARental Assistance must be assigned and calculated under the agreementRequirement excerpt: Rental Assistance units must be assigned in accordance with the Rental Assistance Agreement and RD's priority rules, and the tenant contribution computed as the greater of 30 percent of adjusted monthly income, 10 percent of gross monthly…Read conditions and sources →
- federalUnited StatesRD RARental Assistance must be assigned in a five-step priority order led by very low-income tenants paying the mostRequirement excerpt: When a Rental Assistance unit becomes available the borrower must assign it in a fixed priority order: first to eligible very low-income TENANTS paying the highest percentage of their adjusted annual income for Agency-approved shelter…Read conditions and sources →
- federalUnited StatesRD RARental Assistance payment requests are monthly and are based on occupancy two months backRequirement excerpt: The borrower must submit monthly requests for Rental Assistance payments to Rural Development, and each request must be based on occupancy as of the first day of the month PREVIOUS to the month in which the request is being made. Before…Read conditions and sources →
- federalUnited StatesRD 514/516Rental Assistance reaches off-farm labor housing only; on-farm labor housing is excludedRequirement excerpt: A housing project financed with an Agency OFF-farm labor housing loan or grant is eligible for Agency Rental Assistance, and to be eligible for operating assistance rents a tenant must meet the Rental Assistance eligibility requirements at…Read conditions and sources →
- federalUnited StatesRD 514/516Renting off-farm labor housing to non-farm-labor households requires a documented diminished need findingRequirement excerpt: Where there is a diminished need for housing for farm laborers, units in an off-farm labor housing complex may be made available to persons or families eligible for occupancy under 7 CFR 3560.152 - that is, the ordinary Section 515…Read conditions and sources →
- federalUnited StatesRD 515Rents may not exceed the rents approved by Rural Development in the operating budgetRequirement excerpt: The borrower may charge only the rents approved by Rural Development for each unit class in the current approved budget, and may not increase rents without RD approval.Read conditions and sources →
- federalUnited StatesRD 515Review limitationsSection 515 income categories are set on ADJUSTED income, and moderate income is the low limit plus $5,500Requirement excerpt: A Section 515 household's income category is determined by comparing its ADJUSTED income - not its annual income - to HUD's published limits. A very low-income household is one whose adjusted income does not exceed HUD's very low-income…Read conditions and sources →
- federalUnited StatesRD 515Review limitationsSection 515 properties are held to RD's own physical standards, not to UPCS or NSPIRERequirement excerpt: A Section 515 borrower must at all times maintain the housing project in compliance with local, state and federal law and with the Agency's own itemised requirements for affordable, decent, safe and sanitary housing at 7 CFR 3560.103(a)(3)…Read conditions and sources →
- federalUnited StatesRD 538Review limitationsSection 538 income eligibility is determined at initial occupancy against 115% of area median incomeRequirement excerpt: Under 7 CFR 3565.202(a), units subject to a guaranteed loan must be available only to low- or moderate-income families or individuals whose income at initial occupancy does not exceed 115 percent of area median income. After initial…Read conditions and sources →
- federalUnited StatesRD 538Review limitationsSection 538 income eligibility is tested at initial occupancy only, and a tenant's income may rise afterwardsRequirement excerpt: Housing units subject to a Section 538 guaranteed loan must be available for occupancy only by low or moderate-income families or individuals whose incomes AT THE TIME OF INITIAL OCCUPANCY do not exceed 115 percent of the area median…Read conditions and sources →
- federalUnited StatesRD 538Review limitationsSection 538 income is the sum of each adult member's prior-year income with no adjustments or deductionsRequirement excerpt: For Section 538 purposes household income is calculated as the sum of all income of each adult member of the household for the prior year, including any interest income from any assets, and must include all transfer payments such as child…Read conditions and sources →
- federalUnited StatesRD 538Section 538 tenants hold the grievance and appeal rights of 7 CFR part 3560 subpart D, and must be told so in writingRequirement excerpt: Tenants in properties subject to a Section 538 loan guarantee are entitled to the grievance and appeal rights contained in 7 CFR part 3560 subpart D, and the borrower must inform tenants IN WRITING of those rights. This imports the whole 7…Read conditions and sources →
- federalUnited StatesRD RAReview limitationsSix conditions must all hold before a household may occupy a Rental Assistance unitRequirement excerpt: A household is eligible for Agency Rental Assistance only if all six of the following are true: it has a very low- or low-income and is eligible to live in the multi-family housing; its net tenant contribution to rent determined under 7 CFR…Read conditions and sources →
- federalUnited StatesRD 515Tenant certification on Form RD 3560-8 is required at move-in and annuallyRequirement excerpt: Tenants and borrowers must execute an Agency-approved tenant certification before occupancy. Households must be recertified at least annually and whenever household income changes by $100 or more per month; borrowers must also recertify for…Read conditions and sources →
- federalUnited StatesRD 515Tenant certifications must reach Rural Development within 10 days of their effective dateRequirement excerpt: The borrower must submit each initial or updated Form RD 3560-8 tenant certification to Rural Development within 10 days of its effective date, and the effective date of an initial or updated certification is always the first day of a…Read conditions and sources →