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:
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Project’s name and number;
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Description of account (including rental income, financial revenue, admin expenses, utilities, operating expenses, taxes and insurance, and financial expenses).