Research requirements

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Showing 81–100 of 726 results

• federalUnited StatesRAD PBVReview limitations
  A Project Owner may request a waiver of the OCAF rent adjustment in extraordinary circumstances, with the Contract Administrator's consent for PBVRequirement excerpt: Because the RAD Statute sets annual rent adjustments by an operating cost factor and HUD uses the published OCAF for that factor, HUD acknowledges the OCAF may not capture actual operating cost increases at every Covered Project. In…Read conditions and sources →
• federalUnited StatesLIHTCReview limitations
  A property claiming the 55-or-older exemption must have at least 80 percent of its occupied units housing at least one person aged 55 or olderRequirement excerpt: The familial status provisions do not apply to housing intended and operated for persons 55 years of age or older, but only where the housing complies with section 807(b)(2)(C) of the Fair Housing Act and with all three of 24 CFR 100.305,…Read conditions and sources →
• federalUnited StatesPublic HousingReview limitations
  A public housing unit may not be rented to a family over the net asset limit or owning suitable real propertyRequirement excerpt: A dwelling unit in the public housing program may not be rented, either initially or upon reexamination of family income, to any family whose net assets exceed $100,000 as annually adjusted by HUD by the Consumer Price Index for Urban Wage…Read conditions and sources →
• federalUnited StatesRAD PBRAReview limitations
  A RAD PBRA family whose TTP reaches gross rent is admitted and pays a capped rent that yields to any tighter LIHTC or HOME rent limitRequirement excerpt: Ordinary PBRA rules bar admission of a family whose total tenant payment equals or exceeds gross rent and require the owner to terminate assistance when a resident's TTP reaches that level. Because RAD contract rents are derived from former…Read conditions and sources →
• federalUnited StatesRAD PBVReview limitations
  A RAD PBV family whose TTP reaches gross rent stays on the contract and pays a capped rent that yields to any tighter LIHTC or HOME rent limitRequirement excerpt: Because RAD contract rents are derived from former public housing subsidy, a current resident's total tenant payment can equal or exceed the gross rent. HUD therefore establishes the alternative requirement that the unit of a family whose…Read conditions and sources →
• federalUnited StatesRAD PBVReview limitations
  A RAD PBV HAP contract runs at least 15 years and renewal is mandatory on both sidesRequirement excerpt: A Covered Project converting to PBV has an initial HAP contract term of at least 15 years, extendable to 20 years on the Project Owner's request with the administering Voucher Agency's approval. The Project Owner must make the contracted…Read conditions and sources →
• federalUnited StatesRAD PBV
  A RAD PBV resident may move with continued tenant-based assistance after the first year of occupancyRequirement excerpt: If the family elects to terminate the assisted lease at any time after the first year of occupancy in accordance with program requirements, the PHA must offer the family the opportunity for continued tenant-based rental assistance, either…Read conditions and sources →
• federalUnited StatesRAD PBV
  A RAD Use Agreement must be recorded in first position and survives abatement or termination of the HAP contractRequirement excerpt: A Covered Project must have a RAD Use Agreement in the form HUD prescribes. It must be recorded in a superior position to all other liens that could compromise its applicability or enforceability, and before any mortgage or security…Read conditions and sources →
• federalUnited StatesHCV
  A receiving PHA must administer assistance for an incoming portable family under its own policiesRequirement excerpt: When a family moves under portability to an area outside the initial PHA's jurisdiction, the receiving PHA must administer assistance for the family and cannot refuse to assist an incoming portable family or direct it to a neighbouring PHA.…Read conditions and sources →
• federalUnited StatesCDBGReview limitations
  A recipient must sign a written agreement with a subrecipient BEFORE disbursing any CDBG funds, covering seven required subjects and lasting as long as the subrecipient controls the fundsRequirement excerpt: Before disbursing any CDBG funds to a subrecipient the recipient must sign a WRITTEN AGREEMENT, and that agreement remains in effect during any period the subrecipient has control over CDBG funds INCLUDING PROGRAM INCOME. At a minimum it…Read conditions and sources →
• federalUnited StatesLIHTCReview limitations
  A recipient with fifteen or more employees must designate a 504 coordinator, adopt grievance procedures, and give noticeRequirement excerpt: A recipient that employs fifteen or more persons must designate at least one person to coordinate its compliance with 24 CFR part 8, and must adopt grievance procedures incorporating appropriate due process standards that provide for the…Read conditions and sources →
• federalUnited StatesLIHTCReview limitations
  A recipient with fifteen or more employees must keep its Section 504 self-evaluation on file for three yearsRequirement excerpt: Each recipient must evaluate its policies and practices against the requirements of 24 CFR part 8, after consultation with interested persons including individuals with disabilities or organisations representing them, modify any policy or…Read conditions and sources →
• federalUnited StatesSection 236Review limitations
  A refinanced project keeps its interest reduction payments only if the owner binds itself and every subsequent owner to the affordability restrictions for the payment term plus five yearsRequirement excerpt: A project for which interest reduction payments are made and whose mortgage has been refinanced continues to receive those payments under the terms of the payments contract, but ONLY if the project owner enters into such binding commitments…Read conditions and sources →
• federalUnited StatesRD 538
  A regulatory agreement carrying the Agency's covenants must be executed at closing and binds for the duration of the guaranteed loanRequirement excerpt: As a condition of the guarantee the lender must obtain the borrower's certification that the project complies with local, state and federal laws and programme requirements, and a regulatory agreement between the borrower and lender must be…Read conditions and sources →
• federalUnited StatesPBRA
  A rejected applicant must be told in writing why, given 14 days to respond or request a meeting, and given a final written decision within 5 business days of that response or meetingRequirement excerpt: Owners must promptly notify the applicant in writing of a denial of admission or assistance. The written rejection notice must state the specific reasons for the rejection, the applicant's right to respond to the owner in writing or request…Read conditions and sources →
• federalUnited StatesPublic HousingReview limitations
  A rejected applicant must be told the basis and offered an informal hearing on requestRequirement excerpt: The PHA must promptly notify any applicant determined to be ineligible for admission to a project of the basis for that determination, and must provide the applicant on request, within a reasonable time after the determination is made, with…Read conditions and sources →
• federalUnited StatesPBRAReview limitations
  A remaining member must have been a party to the lease when the qualifying member left and be of legal contract age; on death the survivor stays, otherwise eligibility is retestedRequirement excerpt: Where family composition changes after initial occupancy and the qualifying person leaves the unit, a determination must be made whether the remaining member of the household is eligible to receive assistance, and the answer depends on the…Read conditions and sources →
• federalUnited StatesPBRA
  A removed applicant's file is kept three years, an admitted applicant's application is kept for the tenancy plus three years, and both must be securely disposed ofRequirement excerpt: The owner must retain current applications for as long as their status on the waiting list is active. Once an applicant is taken off the waiting list, the owner must retain for three years the application, the form HUD-92006 the applicant…Read conditions and sources →
• federalUnited StatesSection 236Review limitations
  A rent increase from an owner advance for capital improvements phases in over at least three years if it is 30 percent or more, and is capped at 10 percent a year between 10 and 30 percentRequirement excerpt: To induce owner advances for capital improvements benefiting a Section 236 project, HUD may include in the basic and fair market rental charges an amount permitting a return of those advances with interest out of project income on terms HUD…Read conditions and sources →
• federalUnited StatesRD RA
  A Rental Assistance request denied for borrower ineligibility gets a written explanation, and a borrower who wins an appeal or funding review receives assistance from the month after the decisionRequirement excerpt: The two denial routes carry different consequences. Where a Rental Assistance request is denied because the loan APPLICANT OR BORROWER is ineligible, the Agency must send written notification of the decision WITH AN EXPLANATION OF THE…Read conditions and sources →