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HUD-92547-A 2000-2024 free printable template

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Of mos. Budget from to 5100T 5200T 5152N 5400T 5900T 5000T 6263T page 1 of 2 ref. Handook 4350. 1 form HUD-92547-A 8/2000 Fuel Oil/Coal Electricity Water Gas Sewer Total Utilities Expense Operating Payroll Mainten. Supplies Expenses Contracts Operating and Maintenance Rent Free Unit Garbage and Trash Removal Security Payroll/Contract Security Rent Free Unit Heating/Cooling Repairs and Maintenance Snow Removal Vehicle Maint. Equip. Oper. OMB Approval No. 2502-0324 exp. 12/31/2014 U.S....
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How to fill out hud budget worksheet form

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How to fill out hud 92547 a budget:

01
Begin by gathering all necessary financial information, including income statements, expenses, and any documentation related to assets and debts.
02
Identify and categorize all sources of income, such as wages, child support, or government assistance. Record these amounts in the designated section of the HUD 92547 form.
03
List all monthly expenses, including rent or mortgage payments, utilities, transportation costs, and groceries. Remember to include any debts or recurring payments, such as credit card bills or student loans.
04
Calculate the total income and total expenses, ensuring that all amounts are accurately recorded on the HUD 92547 form.
05
Subtract the total expenses from the total income to determine whether there is a surplus or deficit. This will be reflected in the "Surplus/Deficit" section of the form.
06
If there is a deficit, consider making adjustments to expenses or exploring additional sources of income to create a balanced budget.
07
Sign and date the HUD 92547 form, certifying the accuracy and completeness of the information provided.

Who needs hud 92547 a budget:

01
Individuals or families applying for affordable housing or rental assistance programs that require submission of the HUD 92547 form.
02
Non-profit organizations or government agencies that oversee affordable housing programs and need to assess an applicant's financial eligibility.
03
Housing counselors or financial advisors who assist clients in creating realistic budgets and managing their finances effectively.

Who needs a Form HUD 92547-A?

Budget Worksheet: Income and Expense Projections, Form HUD 92547-A is to be used by rental project’s owners to give to the Department of Housing necessary information so that the Department can regulate rents for certain rental projects.

What is Form HUD 92547-A for?

U.S. Department of Housing and Development (HUD) form HUD 92547-A is a mandatory document for HUD funding and is used to receive approval before HUD provides funds for Section 8 properties in a current financial year. In general, the 92547-A form is a budget worksheet which is used by the HUD to regulate rents for certain cooperative and subsidized projects. The Department formulated the processes by which owners could request increases. The information provided on this form is not of a confidential nature and is required to obtain benefits.  

How do I fill out Form HUD 92547-A?

The following information should be provided in order to complete the form:

  • Project’s name and number;

  • Description of account (including rental income, financial revenue, admin expenses, utilities, operating expenses, taxes and insurance, and financial expenses).

Video instructions and help with filling out and completing hud budget worksheet

Instructions and Help about from 92547 a form

Hello homebuyers and real estate agents the hud-1 is going away, and I'm going to explain in detail how to read the new closing disclosure and what that means to you but first especially for home buyers you want to realize what a real estate transaction is like it's like dominoes as you see on the picture here you set up all kinds of dominoes and that's the same as a real estate transaction there's many little steps that need to be accomplished before we can actually close the deal now if there's any one of these dominoes or one of these steps that are left out that isn't completed then you're not going to get the deal done it's not going to close so it's so important that you have a system in place to make sure that all the little things get taken care of, so there's not a delay especially with this new law that says this closing disclosure form has to be complete and accurate three days before the close of escrow now it used to be that real estate agents would forget to order a home warranty let's say until the last minute now that could cause if you get the invoice in from a home warranty company which could have been ordered the day you opened escrow a month earlier or two months earlier if you wait till the last day you might actually cause the escrow to be delayed three days because of the three-day waiting period to be able to look at the final numbers before closing, so again it's really important for you to have a system in place now I have it what's called the trans tract system or transaction tracking system this is a template of what it is you can look at that later I'll provide a link so when you hire a real estate agent you want to make sure that they're using the trans tract system to avoid any delays in your closing now first let's take a look at what this new form is replacing as you can see I'll provide the link to this webpage the Consumer Financial Protection Bureau web page that shows as you see before there was a forum called the initial Truth in Lending disclosure and a Good Faith Estimate those were two forms that would be provided by your loan officer at the time that you applied for the loan now those two forms are been consolidated into one form called a loan estimate I'm not going to go over these forms today, but I'm going to go over the next forms they used to be a final Truth in Lending disclosure and what was called the hud-1 settlement statement that gave you all the final numbers and usually what happened is that hud-1 settlement statement you get an estimate before close then it would close and then after close you to get the actual final numbers now the new rule says you don't get an estimate ahead of time you have to have the final numbers three days before closes and so those two forms are being replaced by the new closing disclosure, and you can go to this webpage, and you'll see view the closing disclosure as a PDF here I've got a copy of it right here it's a five-page-long document I'm going to go over in...

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HUD 92547 A Budget is required to be filed by all Public Housing Agencies (PHA).
HUD Form 92547 is a budget form used by public housing agencies to calculate the amount of money they need to operate their public housing units. This form is used to determine the amount of money that should be received from the U.S. Department of Housing and Urban Development (HUD) for the purpose of maintaining public housing units. It is also used to help the public housing agency plan for the future based on its current and projected financial needs.
HUD 92547 is an annual budget form used for the Section 8 Tenant-Based Assistance Program. The form requires the applicant to provide information about their income, assets, expenses, and debts. Specifically, the form requires the applicant to report: 1. Total gross income from all sources 2. Total assets 3. Total monthly expenses 4. Total monthly debts 5. Total monthly cash available after all expenses and debts are paid 6. Total annual expenses 7. Total annual debts 8. Total annual cash available after all expenses and debts are paid
The deadline to file HUD 92547 is June 30, 2023.
HUD 92547 is not a budget; it is actually a form used by the U.S. Department of Housing and Urban Development (HUD) for the purpose of verifying information provided by the borrower when applying for a mortgage loan insured by the Federal Housing Administration (FHA). This form is often referred to as the Borrower's Identity of Interest Certification. It helps ensure that there are no conflicts of interest or fraud involved in the mortgage application process.
To fill out HUD form 92547, also known as a budget, follow these steps: 1. Start with your personal information: Fill in your name, address, phone number, and Social Security number. 2. Section A: Monthly Income: List all sources of income that you receive each month. This may include wages, Social Security benefits, pensions, disability, child support, or any other regular income. Specify the source, amount, and frequency of each income. 3. Section B: Monthly Expenses: Calculate and list all monthly expenses you have, categorized as follows: a. Housing Expenses: Include mortgage or rent payments, property taxes, homeowner's insurance, and any other related expenses. b. Utilities: List the monthly costs for electricity, gas, water, sewer, trash collection, phone, internet, and cable. c. Transportation: Include car loan payments, insurance, gasoline, maintenance, and public transportation expenses. d. Food: Estimate your monthly expenditure on groceries and meals. e. Health: List health insurance costs, medication expenses, doctor visits, and any other healthcare-related expenses. f. Childcare: If applicable, include the costs for daycare or babysitting services. g. Personal Care: Estimate your monthly expenses for personal care items, such as toiletries, haircuts, and clothing. h. Education: Include any student loan or education-related expenses. i. Debts: List any outstanding debts, such as credit cards, personal loans, or student loans, including minimum monthly payments. j. Miscellaneous: Account for any other monthly expenses not covered in the above categories. 4. Section C: Monthly Surplus/Deficit: Calculate your total monthly income and total monthly expenses. Deduct the expenses from the income to find if there is a surplus or deficit. 5. Section D: Medical Expenses: If you or any family member have significant medical expenses, list them in this section. Include the costs of prescription medications, health insurance premiums, doctor's visits, etc. 6. Section E: Remarks: If there are any additional comments or explanations regarding your budget, you can provide them in this section. 7. Section F: Certification and Consent: Read this section carefully, sign, and date the form to certify that the information provided is true and accurate to the best of your knowledge. Make sure to double-check all the entries and ensure that the calculations are correct. Submit the completed form as required by the appropriate entity or organization that requested it.
The penalty for late filing of HUD Form 92547, also known as the Budget, is not explicitly stated in the form or associated instructions. However, it is important to submit the form within the designated timeline to comply with HUD regulations and funding requirements. Failure to comply with HUD regulations may result in various consequences, including the potential loss of funding or other administrative actions. It is recommended to contact your local HUD office or consult with a HUD representative for specific information regarding penalties for late filing.
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