Recerts
If a resident is refusing to re-certify, what can you do to motivate them?
Give notice to show their home or give them move-out papers.
Who's assets are counted? For HUD, TX, RD
Entire household, including minors
What is the required monthly dollar amount of increased income on a HUD property to cause an interim certification to take place?
$200
How many days after Move in must EIV be ran
90 days
Who is allowed to make payments on a pet deposit?
Residents at HUD Property.
When are you required to have a file completed for recertification?
At a minimum 30 days in advance of the lease expiring.
Do you use average income for Tax Credit?
No, you must use the higher.
Example: 35-40 hours per week
You would use 40 hours
What is the time frame for a vacancy claim to be submitted?
Green Bay-has 15 days to submit from move out date
Garden Terrace-has
HUD-Vacancy claim must be submitted within 180 days from the moveout date
What report must be ran prior to moving someone in
Existing tenant search
What is the first thing you do when you get an application?
Date and time stamp it.
When do you send out the first recert letter? HUD, Tax Credit, RD and Market Rate?
HUD: 120 days in advance, Tax Credit: 120 days in advance, RD: 90 days in advance, Market: 75 days in advance.
Will a household that consists entirely of full time students be eligible?
They could if they meet one of the exceptions
Explain what a vacancy claim is.
Reimbursing for a vacant unit from HUD as long as the unit is market ready in a timely manner. HUD will give us up to 60 days rent at 50% of the rent amount.
When running your 90 day EIV, what is the next step
Make sure you enter Date EIV verified in Yardi
What form is required for individuals to request modification based off of life-mitigating disabilities?
Request for Reasonable Accommodation Form
In Yardi how do you know if a manager has done their recertification letters?
There is a two step process-When you pull the recertification report, the date each was pulled will be printed on the report if you go in a "Post" the letters after printing them.
If in a LIHTC combined with HOME, what income/rent limits do you use?
The most restrictive.
For HUD/RD if head/cohead or disabled/elderly whose medical expenses can be counted?
Entire households.
What 4 reports must be ran monthly
Multiple Subsidy
Identity Verification
Deceased Tenant
New Hires
It's Friday at 5:00 p.m. and you have somebody waiting to move in, but you haven't got approval yet. You're going to lose the rental if they can't move in. Who can give you approval?
Nobody can, just RightSource.
What MUST you do every Monday
Update the Recert report in teams. Call the Compliance Manager if you have late certs
What % of income can you not exceed when doing a recert in a tax credit unit? If the property has market rate units, what is the next step if a tax credit unit exceeds the limit.
140%. The tax credit unit going over must go on a month to month or vacate the unit or move to a market rate.
At a HUD/RD property, what is the minimum number of applicants that can get on a waiting list or apply for a RD or HUD 2 bedroom apartment and a 3 bedroom apartment?
Must be at least 2 for a 2 bdrm or 3 for a 3 bdrm, unless a reasonable accommodation has been verified and approved
If findings on monthly reports, how many days do you have to investigate and finalize
30 Days from date you ran the reports
What is the effective date for an interim for a decrease in income? If an increase in their income?
HUD-they tell you on 15th of month
RD-they tell you on the 2nd of the month
HUD-if income is going down, the effective date is the 1st of the next month. When income goes up, you have to give 30 day notice once the interim is complete
RD-they do not have Interims, the date becomes a new AR date, which would be the 1st of the next month. When income goes up, you have to give 30 day notice once the interim is complete