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CPD 96 03 Tenant Rent Calculations for Certain HUD McKinney Act Programs Hud Form

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CPD 96 03 Tenant Rent Calculations for Certain HUD McKinney Act Programs Hud Form

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This webcast is a demonstration of how to use the HUD Utility Schedule Model to calculate utility allowances for HOME-assisted rental projects. It will cover: The HOME regulatory requirements for calculating a utility allowance; The steps involved in using the HUD Utility Schedule Model; A demonstration of actual utility costs being entered into the Model; and, A list of HUD resources available to participating jurisdictions (PJs). ing to the HOME regulation at 24 CFR 92.252(d)(1): A PJ must establish maximum monthly allowances for utilities and services and update the allowances annually. This applies to HOME-assisted rental projects where tenants pay utilities directly. A PJ must use the HUD Utility Schedule Model or otherwise determine the utility allowance for the project based on the type of utilities used at the project. HOMEfires Vol. 13, No. 2 was published in May 2016. It makes clear that: Under the HOME Rule, PJs are no longer permitted to use the utility allowance establishe

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