HUD OVERVIEW
HUD
United States Department of Housing and Urban Development
50059 or certification is _ of the Affordable Housing.
Heart of Affordable
Housing Assistance Payment request.
Sent to HUD by the property to ask for their assistance payment for each resident who is currently on a HUD-assisted program.
HAP Request also referred to as Billing, Voucher, MAT 30.
What is TRACS?
● Tenant Rental Assistance Certification System.
● Receives, Processes, and Stores all resident certification data, assistance contract data, and crucial payment data for HUD which performs error checking of the data.
What are the 2 qualifications for Affordable Housing?
Income and Citizenship
What is 4350.3?
Rules and regulations that define Affordable Housing
What are the two types of certifications? Name all certifications.
Full and partial certifications.
Full: MI, IC, AR and IR
Partial: UT, GR, MO and Termination
When do they have to send the HAP for Section 8 Contract?
HAP Requests are due by the 10th of the month prior to the HAP Month for Section 8, PRAC and PAC contracts.
It is a secure HUD system that allows properties to submit their MAT records into TRACS
iMAX: Integrated Multi family Access eXchange
A family with one or more ineligible family members and one or more eligible family members - may receive prorated assistance. What's the formula in calculating prorated assistance?
# of Eligible Persons % # of Person in the family multiplied by the full assistance payment
What is Affordable Housing?
Rent is not more than 30% of a household’s income
It is a partial certification that can be a full certification.
Unit Transfer Certification
List all 6 Parts of a HAP Request
Part 1 - Schedule of Tenant Assistance Payments Due. I
Part 2 - Special claims Schedule.
Part 3 - Assistance Payments Due “The Adjustments Section”.
Part 4 - Miscellaneous Accounting Requests for Schedule of Tenant Assistance Payments Due “Manual Adjustments”.
Part 5 - Approved Special Claims for Schedule of Tenant Assistance Payments Due “Special Claims”.
Part 6 - Repayment Agreements for Schedule of Tenant Assistance Payments Due “Repayment Plans”.
What is the Compliance Percentage and what's the formula in calculating Compliance Percentage? Complete answer needed!
• The goal is to have 100 percent compliance
• In order for a property to receive payment their compliance percentage must be >= 90%.
• (Active certifications ÷ regular units billed) x 100
Removing Names from the Waiting List Reasons
Give at least 4.
1. The applicant no longer meets the eligibility requirements for the property or program;
2. The applicant fails to respond to a written notice for an eligibility interview;
3. The applicant is offered and rejects two units in the property (or any number of unit offers as specified in the owner's written policies);
4. *The applicant fails to provide SSNs for all household members.*
5. Mail sent to the applicant's address is returned as undeliverable; or
6. The unit that is needed – using family size as the basis – changes, and no appropriate size unit exists in the property.
What is Multifamily Housing?
●Apartment complexes
●Often multiple buildings
●Typically, not Townhomes, condos or duplexes
How to calculate TTP and TR?
TTP:
Greater of the following: 30% monthly adjusted income; 10% monthly gross income; Welfare rent (welfare recipients in as-paid localities only); or $25 minimum rent (Section 8 only).
TR: Total Tenant Payment – Utility Allowance = Tenant Rent
Different Types of Special Claims
●Unpaid Rent and Tenant Damages
●Vacancy Losses During Rent-Up
●Regular Vacancy
●Debt Service Vacancy Payments
It is a technical user's guide describing the prescribed format MAT record layouts, field characteristics, and HUD-form data locations for all Tenant Rental Assistance Certification System (TRACS) data transmitted to and from HUD
MAT User's Guide.
How do we calculate Income from Assets when the Assets exceed $5,000?
Greater of the following: Actual income from assets; or Imputed income from assets.
Give at least 5 Types of HUD Programs
Section 8-Subsidized monthly rent for low-income families.
Section 236-Subsidized annual mortgage for owners
Other Programs: Section 8 / 202, PRAC (811 and 202), RAP, Rent Supplement, PAC, BMIR, Section 8 RAD, SPRAC
What are the 6 sections of a certification?
Section A is the Signature Page
Section B Summary Information
Section C Household Information
Section D Income Information
Section E Asset Information
Section F Allowances & Rent Calculations
EIR is for Section 236 and RAP Contract.
Bonus: EIR stands for?
False, only section 236.
Excess Income Report
If a client received a VS012 error message, before looking it up in the MAT guide, you would know that the error…
Voucher Status error
What are the tenant repayment options for giving back the overpayment of assistance payment?
Tenants can repay amounts due in a lump sum payment or repayment agreement or both.