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This document is an amendment to the Consolidated Annual Contributions Contract between the U.S. Department of Housing and Urban Development and the Public Housing Authority, detailing the provision
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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 Amendment form HUD-53012 from the HUD website or your local HUD office.
02
Review the existing Annual Contributions Contract (ACC) to understand the amendments required.
03
Fill in the Public Housing Authority (PHA) name and address at the top of the form.
04
Indicate the specific amendment type at the top of the form.
05
Complete the financial information section, detailing the funding amounts and any changes required.
06
Provide a clear justification for the amendment in the designated section.
07
Ensure all required signatures are obtained from the PHA's authorized representatives.
08
Submit the completed form to the local HUD field office for review.
Who needs Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
01
Public Housing Authorities (PHAs) that manage capital fund programs and require modifications to their existing contracts with HUD.
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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 amend their annual contributions contract with the federal government regarding capital funds allocated for public housing.
Who is required to file Capital Fund Program (CFP) Amendment To The Consolidated Annual Contributions Contract (form HUD-53012)?
Public housing agencies that receive Capital Fund Program grants are required to file the CFP Amendment To The Consolidated Annual Contributions Contract (form HUD-53012) when there are changes to the capital fund plans or expenditures.
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), agencies must provide details regarding the specific amendments being made, including changes to funding amounts, project descriptions, and justifications for the amendments.
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 the necessary adjustments to capital fund allocations, ensuring that public housing agencies can effectively manage and implement their 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 includes the project names, the amounts of funding requested or amended, a description of the changes being made, and a rationale for why these amendments are necessary.
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