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- federalUnited States202 PRACReview limitationsSection 202 PRAC rent is total tenant payment: the highest of 30% of adjusted monthly income, 10% of monthly income, or the designated welfare housing portionRequirement excerpt: A very low-income person occupying an assisted unit in a Section 202 capital advance project pays as rent the highest of 30 percent of the person's adjusted monthly income, 10 percent of the person's monthly income, or, where the person…Read conditions and sources →
- federalUnited StatesRD 515Review limitationsTenant contribution is the highest of four standards and is capped at note rentRequirement excerpt: The borrower must set a Section 515 tenant's contribution to rent at the HIGHEST of four standards, but never at more than note rent: thirty percent of monthly adjusted income; ten percent of gross monthly income; the portion of a…Read conditions and sources →
- federalUnited StatesHCVThe PHA must offer a participant an informal hearing on the enumerated decisions before terminating assistanceRequirement excerpt: The PHA must give a participant family the opportunity for an informal hearing on a determination of the family's annual or adjusted income and its use to compute the housing assistance payment, the appropriate utility allowance, the family…Read conditions and sources →
- federalUnited StatesSection 236Review limitationsOn 20 percent of units contracted after 22 August 1974 HUD makes additional assistance payments reducing the tenant's payment to the highest of 30 percent, 10 percent or the welfare housing portionRequirement excerpt: With respect to 20 percent of the dwelling units in any project made subject to a Section 236 contract after 22 August 1974, HUD makes and contracts to make additional assistance payments to the project owner on behalf of tenants whose…Read conditions and sources →
- federalUnited StatesMod RehabInitial gross rent must not exceed the Moderate Rehabilitation Fair Market Rent in effect when the Agreement was executedRequirement excerpt: The Fair Market Rent Schedule for Moderate Rehabilitation is 120 percent of the Existing Housing Fair Market Rent Schedule, except that for single room occupancy housing the limit is 75 percent of the Moderate Rehabilitation Fair Market…Read conditions and sources →
- federalUnited StatesMod RehabVacant contract units must be filled from the PHA waiting list, with in-place families admitted without being listedRequirement excerpt: All vacant units under contract must be rented to eligible families referred by the PHA from its waiting list. The PHA must select families in accordance with the program and its approved application, including any PHA preferences, and must…Read conditions and sources →
- federalUnited StatesLIHTCThe submetered rate charged to tenants may not exceed the owner's own cost, or for a renewable source the highest rate the tenants would otherwise have paidRequirement excerpt: For a submetered utility purchased from or through a local utility company, the rate charged to the tenants of the unit must not exceed the rate incurred by the building owner for that utility. For a submetered utility produced from a…Read conditions and sources →
- federalUnited StatesLIHTCA local utility company estimate may be obtained by any interested party, including a tenant, and must be sharedRequirement excerpt: Any interested party -- a low-income tenant, the building owner, or the allocating agency -- may obtain a local utility company estimate for a unit, at any time during the building's extended use period or, where there is none, during its…Read conditions and sources →
- federalUnited StatesLIHTCUtility consumption estimates and their supporting data are part of the taxpayer's 1.6001-1(a) recordsRequirement excerpt: The building owner must retain any utility consumption estimates and supporting data as part of the taxpayer's records for purposes of 26 CFR 1.6001-1(a). That is a tax record-retention standard rather than a housing one: the records must…Read conditions and sources →
- federalUnited StatesLIHTCReview limitationsA submetering administrative fee is outside gross rent only if it is computed uniformly and does not exceed $5 per month for all the unit's submetered utilitiesRequirement excerpt: A fee charged to a unit's tenants for administering an actual-consumption submetering arrangement is not gross rent for section 42(g)(2) purposes -- but only on two conditions. First, the fee must be computed in the same manner for every…Read conditions and sources →
- federalUnited StatesLIHTCAn agency estimate is available only if the agency agrees to provide it, must weigh the prescribed factors, and rests on data no more than 60 days staleRequirement excerpt: A building owner may obtain a utility estimate for each unit from the agency with jurisdiction over the building, but only if that agency agrees to provide one -- the method is an agency election, not an owner's right, which is why several…Read conditions and sources →
- federalUnited StatesLIHTCAn energy consumption model must weigh the prescribed factors and be prepared by a licensed engineer or an agency-approved qualified professional unrelated to the ownerRequirement excerpt: A building owner may calculate utility estimates using an energy and water and sewage consumption and analysis model. The model must at a minimum take into account unit size, building orientation, design and materials, mechanical systems,…Read conditions and sources →
- federalUnited StatesMod RehabContract rents adjust by the published Annual Adjustment Factor only on the owner's submittal, and only if the unit is decent, safe and sanitaryRequirement excerpt: Contract Rents are adjusted on or after each annual anniversary date of the contract upon submittal by the owner to the PHA of a revised schedule of Contract Rents, effective for the month following the submittal, and only provided that the…Read conditions and sources →
- federalUnited StatesHTFReview limitationsThe binding HTF rent ceiling is the HUD-published HTF rent limit for the year, area and bedroom countRequirement excerpt: The HTF rent plus utilities of an extremely low-income tenant may not exceed the GREATER of 30 percent of the federal poverty line or 30 percent of the income of a family whose annual income equals 30 percent of area median income, with…Read conditions and sources →
- federalUnited StatesPublic HousingReview limitationsA PHA with 250 or more units must budget and account for each project separately under GAAPRequirement excerpt: A PHA that owns and operates 250 or more dwelling rental units under title I of the 1937 Act, including units managed by a third party but excluding Section 8 units, must operate using an asset management model and must implement…Read conditions and sources →
- federalUnited StatesBond / 142(d)Related — matches some termsReview limitationsWhere section 42 credit is allowed the next-available-unit comparison set is the building rather than the projectRequirement excerpt: For a project with respect to which credit is allowed under section 42, the second sentence of 142(d)(3)(B) is applied by substituting 'building (within the meaning of section 42)' for 'project'. On a 4% deal this is what narrows the bond…Read conditions and sources →
- federalUnited StatesHOPWARelated — matches some termsReview limitationsShort-term supported housing is capped at 60 days of residence in any six-month period, and short-term rent, mortgage and utility payments at 21 weeks in any 52-week periodRequirement excerpt: Short-term supported housing covers two different things -- facilities providing temporary shelter, and rent, mortgage and utility payments that let an eligible individual STAY IN their own dwelling -- and each carries its own clock. A…Read conditions and sources →
- federalUnited StatesRAD PBVRelated — matches some termsReview limitationsFSS participants must be allowed to continue in the PHA's programme for the duration of the grant's period of performance after a PBV conversionRequirement excerpt: PHAs and Project Owners must follow the Family Self-Sufficiency regulations at 24 CFR part 984. Public housing residents who are FSS participants at conversion must be allowed to continue participating in the PHA's FSS programme for the…Read conditions and sources →
- federalUnited StatesHOMERelated — matches some termsReview limitationsHOME VAWA lease terms must allow penalty-free termination for qualifying emergency transfersRequirement excerpt: The participating jurisdiction must develop a VAWA lease term or addendum incorporating applicable owner and lease protections, including prohibited eviction grounds and restrictions on interpreting lease terms. It must allow termination…Read conditions and sources →
- federalUnited StatesRD 538Related — matches some termsReview 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 →