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This document is an amendment to the Consolidated Annual Contributions Contract between the U.S. Department of Housing and Urban Development and the Coventry Housing Authority, detailing the provision
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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 your local HUD office.
02
Begin by entering the PHA (Public Housing Authority) name and address at the top of the form.
03
Fill in the Contract Number and the Amendment Number as applicable.
04
Indicate the date of the amendment in the designated space.
05
Provide the updated funding amounts and any other changes in project scope or timelines in the required sections.
06
Ensure all necessary attachments or supporting documents are included with the amendment.
07
Review the completed form for accuracy and completeness.
08
Sign and date the amendment at the bottom where indicated.
09
Submit the completed form to the appropriate HUD office for review and approval.
Who needs Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
01
Public Housing Authorities (PHAs) that are participating in the Capital Fund Program and need to amend their Annual Contributions Contract for funding or project changes.
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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 formal document used by public housing authorities (PHAs) to request changes or amendments to their capital fund program agreements with the U.S. Department of Housing and Urban Development (HUD).
Who is required to file Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
Public Housing Authorities (PHAs) that receive Capital Fund Program (CFP) assistance are required to file the HUD-53012 when they wish to amend their annual contributions contract related to capital funding.
How to fill out Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
To fill out the form HUD-53012, PHAs must provide general information about the agency, details of the amendment being requested, and supporting documentation as required by HUD. Accurate completion of the form involves following instructions provided in the form and any accompanying guidance from HUD.
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 capital funding agreements in order to address changes in project scope, funding requirements, or other relevant factors and to ensure continued compliance with HUD regulations.
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 HUD-53012 includes the PHA's identification, the specific amendments requested, a detailed description of proposed changes, the rationale for the changes, and any relevant financial data related to the capital funds.
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