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This document outlines the terms and conditions of the Capital Fund Program amendment between the Public Housing Authority (PHA) and the U.S. Department of Housing and Urban Development (HUD) for

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)

1. Gather necessary documentation related to your Capital Fund Program (CFP) projects.
2. Obtain the form HUD-53012 from the HUD website or your local HUD office.
3. Fill out the agency's information in the top section, including the PHA number and the name of the agency.
4. Provide details of the proposed amendment, including the project description and changes from the original contract.
5. Include a justification for the amendment, explaining the need for the changes.
6. Complete the financial section, detailing any budget adjustments.
7. Ensure all signature requirements are met by obtaining appropriate approvals from authorized officials.
8. Review the completed form for accuracy and completeness.
9. Submit the form to your local HUD office according to their submission guidelines.

Who needs Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?

1. Public Housing Authorities (PHAs) managing CFP funding.
2. Organizations seeking to amend previously approved CFP funding contracts.
3. PHA officials responsible for compliance and reporting.
4. Local government entities involved in public housing projects.

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.

For pdfFiller’s FAQs

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 the funding awarded to them for capital improvements. This amendment outlines the adjustments to the previously established contract terms as required by 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 that receive capital fund grants from HUD are required to file the CFP Amendment To The Consolidated Annual Contributions Contract (form HUD-53012) when they need to amend their existing contracts due to changes in project scope or funding allocations.

How to fill out Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?

To fill out the CFP Amendment To The Consolidated Annual Contributions Contract (form HUD-53012), the housing authority must provide detailed information about the requested amendments, including project descriptions, funding amounts, and justifications for the changes. It is important to follow the guidelines provided by HUD and ensure all required signatures are collected.

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 allow public housing authorities to modify their capital fund contracts as necessary to reflect changes in funding needs, project scopes, or priorities to better serve the needs of their communities.

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 To The Consolidated Annual Contributions Contract (form HUD-53012) includes the housing authority's identification information, details of the amendments being requested, financial calculations related to budget adjustments, descriptions of the projects affected by the amendments, and any relevant supporting documentation.