Research requirements

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Showing 1–20 of 726 results

• federalUnited States202/8
  202/8 borrowers must adopt written tenant selection procedures, keep a written chronological waiting list, and give rejected applicants a written decision and an independent reviewRequirement excerpt: The owner must adopt written tenant selection procedures that ensure nondiscrimination in the selection of tenants, are consistent with the purpose of improving housing opportunities for very low-income elderly or handicapped persons, and…Read conditions and sources →
• federalUnited States202/8Review limitations
  202/8 leases take the same form and term requirements as PRAC leases: HUD-prescribed form, minimum one-year term, 30 days notice before a judicial evictionRequirement excerpt: The lease requirements for Section 202 direct loan projects are those provided in 24 CFR 891.425, which applies to capital advances under the Section 202 and Section 811 programs as well as to loans financed under subpart E of part 891. The…Read conditions and sources →
• federalUnited States202/8Review limitations
  202/8 owners are Section 504 recipients: programs must be readily accessible when viewed in their entirety, accessible units offered first to those who need them, and policies modifiedRequirement excerpt: A recipient of Federal financial assistance from HUD must operate each existing housing program or activity so that the program or activity, when viewed in its entirety, is readily accessible to and usable by individuals with handicaps, and…Read conditions and sources →
• federalUnited States202/8
  202/8 utility allowances are adjusted under 24 CFR 891.440 in connection with contract rent adjustments, with the same 10% cumulative-increase triggerRequirement excerpt: In connection with adjustments of contract rents as provided in 24 CFR 891.640(a), the requirements for the adjustment of utility allowances in 24 CFR 891.440 apply. The borrower must submit an analysis of any applicable utility allowances…Read conditions and sources →
• federalUnited States811 PRAReview limitations
  811 PRA may be provided only where the State health and human services and Medicaid agencies have agreed on target populations, outreach and referral, and servicesRequirement excerpt: Assistance under 42 U.S.C. 8013(b)(3) may be provided only for projects for which the applicable State agency responsible for health and human services programs, and the applicable State agency designated to administer or supervise the…Read conditions and sources →
• federalUnited States202 PRAC
  A 202 capital advance bears no interest, is never repaid while the housing stays available, and cannot be paid off to escape the programme's requirementsRequirement excerpt: A capital advance under 24 CFR part 891 is not a loan in the ordinary sense and must not be modelled as one. It bears no interest, and repayment is not required for so long as the project remains available to the eligible population of very…Read conditions and sources →
• federalUnited States202 PRAC
  A 202 owner gets 50 percent of per-unit operating cost for the first 60 days of a vacancy, but only on four conditions and never so as to be paid twiceRequirement excerpt: Vacancy payments under a PRAC are conditional, and 24 CFR 891.445(a) says flatly that they will not be made unless the conditions are fulfilled. After rent-up, an owner whose eligible household vacates is entitled to 50 percent of the…Read conditions and sources →
• federalUnited States202 PRACReview limitations
  A 202 project must fund a replacement reserve monthly at HUD's rate, add all interest to it, and draw on it only with HUD's approvalRequirement excerpt: The owner must establish and maintain a replacement reserve to fund extraordinary maintenance and repair and the replacement of capital items, and must make MONTHLY deposits in an amount HUD determines. The reserve must be built up to and…Read conditions and sources →
• federalUnited States202/8
  A 202/8 borrower must keep every contracted assisted unit available to eligible families, and HUD may cut the contract down to the number actually available if it does notRequirement excerpt: Availability is an affirmative, continuing obligation with a defined content. During the term of the HAP contract the borrower must MAKE AVAILABLE FOR OCCUPANCY BY ELIGIBLE FAMILIES THE TOTAL NUMBER OF UNITS FOR WHICH ASSISTANCE IS…Read conditions and sources →
• federalUnited States202/8
  A 202/8 borrower must tell each assisted family, at least one year before the HAP contract term ends, what its rent will become, and must serve that notice by both mail and hand deliveryRequirement excerpt: At least ONE YEAR before the end of the HAP contract term the borrower must notify each family leasing an assisted unit of any increase in what the family will be required to pay as rent as a result of the expiration. Service is DOUBLE and…Read conditions and sources →
• federalUnited States202/8
  A 202/8 family stays eligible for housing assistance payments until total tenant payment equals or exceeds gross rent, and loses subsidy without losing the tenancyRequirement excerpt: A family occupying an assisted unit in a Section 202 direct loan project remains eligible for housing assistance payments until its total tenant payment equals or exceeds the gross rent. Termination of subsidy eligibility at that point does…Read conditions and sources →
• federalUnited States202/8Review limitations
  A 202/8 HAP contract has a 20-year term, 20 years per stage in a staged project but never more than 22 years across all stages, and renewal is by agreement subject to available fundsRequirement excerpt: THE TERM OF THE HAP CONTRACT FOR ASSISTED UNITS SHALL BE 20 YEARS. Where the project is completed in stages, the term for the assisted units in EACH STAGE is 20 years, but THE TERM FOR ALL ASSISTED UNITS IN ALL STAGES OF A PROJECT SHALL NOT…Read conditions and sources →
• federalUnited States202/8Review limitations
  A 202/8 project's admission income limit depends on the initial effective date of its HAP contract: pre-1981 contracts reach the low-income limit, post-1981 contracts are held to very low-incomeRequirement excerpt: There is no single 202/8 income limit. The applicable series is fixed by the INITIAL EFFECTIVE DATE OF THE PROPERTY'S HOUSING ASSISTANCE PAYMENTS CONTRACT, and the two cohorts differ by a full 30 points of area median. Projects whose HAP…Read conditions and sources →
• federalUnited States811 PRAC
  A 811 capital advance bears no interest, is never repaid while the housing stays available, and cannot be paid off to escape the programme's requirementsRequirement excerpt: A capital advance under 24 CFR part 891 is not a loan in the ordinary sense and must not be modelled as one. It bears no interest, and repayment is not required for so long as the project remains available to the eligible population of very…Read conditions and sources →
• federalUnited States811 PRAC
  A 811 owner gets 50 percent of per-unit operating cost for the first 60 days of a vacancy, but only on four conditions and never so as to be paid twiceRequirement excerpt: Vacancy payments under a PRAC are conditional, and 24 CFR 891.445(a) says flatly that they will not be made unless the conditions are fulfilled. After rent-up, an owner whose eligible household vacates is entitled to 50 percent of the…Read conditions and sources →
• federalUnited States811 PRACReview limitations
  A 811 project must fund a replacement reserve monthly at HUD's rate, add all interest to it, and draw on it only with HUD's approvalRequirement excerpt: The owner must establish and maintain a replacement reserve to fund extraordinary maintenance and repair and the replacement of capital items, and must make MONTHLY deposits in an amount HUD determines. The reserve must be built up to and…Read conditions and sources →
• federalUnited StatesBMIRReview limitations
  A BMIR mortgage that is eligible low income housing may be prepaid only under a Commissioner-approved plan of action, and an unauthorized prepayment is null and void with the restrictions continuingRequirement excerpt: Section 221(d)(3) BMIR mortgages sit inside the federal prepayment-preservation regime at 24 CFR part 248. A mortgage INSURED OR HELD BY THE COMMISSIONER UNDER PART 221 AND BEARING A BELOW MARKET INTEREST RATE is 'eligible low income…Read conditions and sources →
• federalUnited StatesBMIRReview limitations
  A BMIR owner may screen for ability to pay the BMIR rent, unlike an owner of a rental-assistance unitRequirement excerpt: An applicant for a Section 221(d)(3) BMIR unit who receives no other form of assistance, such as Section 8, may be screened for the ability to pay the BMIR rent, and the owner may establish a reasonable minimum income requirement to assess…Read conditions and sources →
• federalUnited StatesBMIRReview limitations
  A BMIR owner must minimise displacement and provide URA relocation assistance for rehabilitation or acquisitionRequirement excerpt: Consistent with the other goals and objectives of the BMIR program, owners must assure that they have taken all reasonable steps to minimise the displacement of persons as a result of a project assisted under 24 CFR part 221. A residential…Read conditions and sources →
• federalUnited StatesBMIR
  A BMIR owner must not admit an income-ineligible applicant without prior written HUD approval, and any admitted pays market rent - there is no ten percent tolerance as in Section 236Requirement excerpt: BMIR has no self-help route around the income limit. THE OWNER MUST NOT ADMIT INCOME-INELIGIBLE APPLICANTS WITHOUT PRIOR WRITTEN HUD APPROVAL, AND ANY INELIGIBLE FAMILIES THAT ARE ADMITTED MUST PAY MARKET RENT - which in a BMIR rental means…Read conditions and sources →