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This document is an amendment to the Consolidated Annual Contributions Contract between a Public Housing Authority and the U.S. Department of Housing and Urban Development, detailing financial 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
Gather necessary documentation such as contract details and previous amendments.
02
Obtain the correct version of form HUD-53012 from the HUD website.
03
Fill out the identification section with the PHA name, contract number and the amendment number.
04
Detail the specific changes or updates being made to the Capital Fund Program.
05
Provide a justification for each amendment in the clear and concise manner.
06
Sign and date the form at the bottom section.
07
Submit the completed amendment form to HUD 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) managing Capital Fund Programs.
02
Organizations seeking to amend their existing contributions contracts with HUD.
03
Agencies responsible for managing federal housing funds.
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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 form used by Public Housing Authorities (PHAs) to amend their annual contributions contracts with the Department of Housing and Urban Development (HUD) for funding and capital improvements.
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 funding from HUD are required to file the Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012) whenever there are changes to their funding needs or project scopes.
How to fill out Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
To fill out the Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012), a PHA should enter details about the proposed amendments, provide necessary documentation, and ensure that all required information is accurate before submitting the form to HUD.
What is the purpose of Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
The purpose of the Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012) is to provide a formal mechanism for PHAs to request changes in funding allocations, amend project scopes, and ensure compliance with HUD requirements for 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 Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012) includes the PHA's name, the proposed amendment details, funding amounts, project descriptions, and any necessary justifications for the amendments.
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