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This document is an amendment to the Consolidated Annual Contributions Contract for the Capital Fund Program, detailing funding assistance from HUD to a Public Housing Authority for capital and management
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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 CFP Amendment form HUD-53012 from the HUD website or your local HUD office.
02
Read the instructions carefully to understand the requirements and eligibility for the amendment.
03
Fill in the Housing Authority's name and address in the designated fields.
04
Provide the required information on the projects for which the amendment is being requested.
05
Detail the changes in funding or project scope in the appropriate sections.
06
Ensure that all required signatures are included, including the Executive Director and the Chairperson of the Board.
07
Review the completed form for accuracy and completeness.
08
Submit the form to the HUD field office for review and approval.
Who needs Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
01
Public housing agencies (PHAs) that are participating in the Capital Fund Program.
02
Housing authorities seeking to amend their existing Consolidated Annual Contributions Contract.
03
Agencies needing to modify funding allocations or project scopes as per their housing plans.
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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 authorities to amend their existing Annual Contributions Contract with the U.S. Department of Housing and Urban Development (HUD) for the purpose of managing and financing capital improvements in public housing.
Who is required to file Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
Public housing authorities (PHAs) that wish to amend their existing Annual Contributions Contracts with HUD for capital funding must file the Capital Fund Program (CFP) Amendment to the Consolidated Annual Contributions Contract (form HUD-53012).
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 (form HUD-53012), a PHA should provide detailed information about the requested amendments, including project descriptions, funding amounts, units involved, and any necessary signatures from authorized officials. The form must be completed accurately and submitted to HUD by the specified deadlines.
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 facilitate the management and allocation of federal funding for capital improvements in public housing, ensuring that housing authorities can effectively address their capital needs.
What information must be reported on Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
The Capital Fund Program (CFP) Amendment (form HUD-53012) requires reporting information such as the specific amendments being requested, the associated financial details, project timelines, housing units affected, and any necessary justification for the amendments sought.
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