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This document is an amendment to the Consolidated Annual Contributions Contract between the Public Housing Authority and HUD, detailing funding assistance for capital and management activities intended
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How to fill out capital fund program cfp
How to fill out Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)
01
Obtain the Capital Fund Program (CFP) Amendment to the Consolidated Annual Contributions Contract (form HUD-53012) from the HUD website or local HUD office.
02
Review the instructions provided with the form to ensure you understand each section.
03
Fill in the identifying information at the top of the form, including the PHA name and number.
04
Complete the sections detailing the proposed amendments, including specific changes to the Capital Fund program.
05
Provide detailed justifications for the requested amendments, explaining the need for the changes.
06
Attach any relevant documentation or supporting materials that strengthen your amendment request.
07
Review the entire form for accuracy and completeness before submission.
08
Submit the completed form to the appropriate HUD office, ensuring you comply with submission deadlines.
Who needs Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
01
Public Housing Authorities (PHAs) that are seeking to amend their existing Capital Fund program allocations and contracts.
02
PHAs that need to make changes to their annual funding or to specific projects funded through the Capital Fund program.
03
Organizations managing public housing that require adjustments in their capital funding strategies due to changing needs or circumstances.
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People Also Ask about
What is an ACC HUD?
Definitions. ACC Annual contributions contract. ACC Reserve Account An account established by HUD for a program from amounts by which the maximum payment to the HA under the consolidated ACC (during a HA fiscal year) exceeds the amount actually approved and paid.
How much do you pay for rent on HUD?
The HUD Section 8 program pays rents for low-income households directly to private landlords. In most cases, the local housing authority, funded by HUD, will pay about 70% of a tenant's rent, while the tenant will pay the other 30%.
What is HUD and how does it work?
The U.S. Department of Housing and Urban Development (HUD) administers Federal aid to local housing agencies (HAs) that manage the housing for low-income residents at rents they can afford. HUD furnishes technical and professional assistance in planning, developing, and managing these developments.
What is an ACC unit?
A type of unit or share that provides the facility for the automatic reinvestment of income earned from the underlying portfolio. The number of Accumulation units does not change as income is reinvested.
What is the HUD annual contribution contract?
(a) Nature of ACC. (1) An annual contributions contract (ACC) is a written contract between HUD and a PHA. Under the ACC, HUD agrees to make payments to the PHA, over a specified term, for housing assistance payments to owners and for the PHA administrative fee. The ACC specifies the maximum payment over the ACC term.
What does ACC stand for in housing?
What do the acronyms HOA, ACC and CCR mean? HOA H- omeowner Association. ACC - Architectural Control Committee. CCR – Declaration of Protective Covenants, Conditions and Restrictions.
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What is Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
The Capital Fund Program (CFP) Amendment to the Consolidated Annual Contributions Contract (form HUD-53012) is a document used by public housing authorities to request changes to their Capital Fund Program allocation, which provides funding for capital improvements in public housing.
Who is required to file Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
Public housing authorities that wish to amend their existing Consolidated Annual Contributions Contracts related to the Capital Fund Program are required to file the CFP Amendment (HUD-53012).
How to fill out Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
To fill out the CFP Amendment form HUD-53012, the public housing authority must provide specific details including their identification information, proposed amendments to the fund allocation, and any relevant attachments that justify the changes.
What is the purpose of Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
The purpose of the CFP Amendment to the Consolidated Annual Contributions Contract is to allow public housing authorities to adjust their funding allocations to better meet the needs of their capital improvement projects.
What information must be reported on Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
The information that must be reported on the CFP Amendment includes the public housing authority's details, the amount of funding being amended, the project descriptions affected by the amendment, and any supporting documentation or justification for the changes.
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