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This document is an amendment to the Consolidated Annual Contributions Contract between the Housing Authority and HUD, outlining the provision of Capital Fund assistance for public housing management
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How to fill out capital fund program amendment
How to fill out Capital Fund Program Amendment To The Consolidated Annual Contributions Contract
01
Gather all necessary documentation related to the Capital Fund Program.
02
Review the current Consolidated Annual Contributions Contract (CACC) to understand the existing terms.
03
Identify the specific amendments you wish to propose, including changes in budget allocations or project timelines.
04
Complete the Capital Fund Program Amendment form, ensuring all required fields are filled out accurately.
05
Attach supporting documents such as project plans, budgets, and any relevant correspondence.
06
Obtain the necessary approvals from stakeholders, such as board members or project directors.
07
Submit the completed amendment along with supporting documents to the appropriate federal or state agency for review.
08
Follow up to confirm receipt and inquire about the timeline for approval.
Who needs Capital Fund Program Amendment To The Consolidated Annual Contributions Contract?
01
Public housing authorities managing Capital Fund Program projects.
02
Organizations seeking to amend their existing Consolidated Annual Contributions Contract.
03
Entities involved in public housing development or rehabilitation projects.
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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.
What is an annual contributions contract?
(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 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.
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 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.
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.
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What is Capital Fund Program Amendment To The Consolidated Annual Contributions Contract?
The Capital Fund Program Amendment To The Consolidated Annual Contributions Contract is a formal amendment to the agreement that allows Public Housing Authorities (PHAs) to receive and utilize federal capital funds for the development, financing, and modernization of public housing.
Who is required to file Capital Fund Program Amendment To The Consolidated Annual Contributions Contract?
Public Housing Authorities (PHAs) that are participating in the Capital Fund Program are required to file the Capital Fund Program Amendment To The Consolidated Annual Contributions Contract.
How to fill out Capital Fund Program Amendment To The Consolidated Annual Contributions Contract?
To fill out the Capital Fund Program Amendment, PHAs must provide information regarding the proposed capital projects, budget, and use of funds, ensuring that all sections of the form are completed accurately and according to HUD guidelines.
What is the purpose of Capital Fund Program Amendment To The Consolidated Annual Contributions Contract?
The purpose of the Capital Fund Program Amendment is to establish the terms under which federal capital funds can be used by PHAs to improve and maintain public housing properties, ensuring compliance with federal regulations and facilitating necessary upgrades.
What information must be reported on Capital Fund Program Amendment To The Consolidated Annual Contributions Contract?
Information that must be reported includes the planned capital projects, funding allocations, timelines for completion, descriptions of work to be performed, and compliance with applicable laws and regulations.
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