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This document serves as an amendment to the Consolidated Annual Contributions Contract between the Cambridge Metropolitan Housing Authority and HUD, detailing the provision of capital fund assistance
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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).
02
Review the instructions provided with the form carefully.
03
Enter the Public Housing Agency (PHA) name and address at the top of the form.
04
Fill in the PHA Code, which uniquely identifies your agency.
05
Specify the year of the amendment you are submitting.
06
Indicate the type of amendment you are making (e.g., funding adjustments, program changes).
07
Provide a detailed explanation of the reasons for the amendment in the designated section.
08
Complete any financial information requested, ensuring all numbers are accurate and add up correctly.
09
Obtain the necessary signatures from authorized officials within your agency.
10
Submit the completed form to the appropriate HUD office by the specified deadline.
Who needs Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
01
Public Housing Agencies (PHAs) that receive funding through the Capital Fund Program.
02
PHAs that need to amend their existing Consolidated Annual Contributions Contract for various reasons.
03
Agencies managing public housing projects that require updates to funding or program activities.
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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 agencies to request amendments to their previously approved Capital Fund Program budgets, which are used for the development, modernization, and operation of public housing.
Who is required to file Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
Public housing agencies (PHAs) that have received Capital Fund Program funding are required to file the CFP Amendment To The Consolidated Annual Contributions Contract (form HUD-53012) when they seek to amend their funding agreements or budgets.
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 should provide all relevant information regarding the amendments they are requesting, including details on project descriptions, funding amounts, and justifications for the amendments, ensuring that all sections of the form are completed accurately.
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 (form HUD-53012) is to facilitate modifications to the funding commitments of the Capital Fund Program, allowing public housing agencies to adjust their budgets and projects in response to changing needs and conditions.
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 includes the specific amendments being requested, including funding amounts, descriptions of projects, timelines, and the rationale behind the amendments, as well as any other required details related to the original contract.
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