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This document serves as an amendment to the Consolidated Annual Contributions Contract between the Public Housing Authority and the U.S. Department of Housing and Urban Development, outlining the
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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
Obtain the Capital Fund Program Amendment form from the HUD website or your local HUD office.
02
Review the current Consolidated Annual Contributions Contract (CACC) to understand necessary amendments.
03
Fill out the required fields on the amendment form including the PHA's name, program year, and requested amendments.
04
Provide a detailed description of the proposed changes and how they align with program goals.
05
Include any supporting documentation as required, such as project plans or budgets.
06
Review the completed form for accuracy and completeness.
07
Obtain necessary signatures from authorized PHA officials.
08
Submit the completed amendment form to the appropriate HUD field office for review and approval.
Who needs Capital Fund Program Amendment to The Consolidated Annual Contributions Contract?
01
Public Housing Authorities (PHAs) that manage federal funding for capital improvements in public housing.
02
PHAs seeking to make changes to their current funding allocations or project plans under the Capital Fund Program.
03
PHAs that need to comply with HUD requirements for program modifications.
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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 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 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.
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 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 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 an amendment that allows public housing authorities to outline specific funding requests and improvements to be made to their public housing units, which are federally funded.
Who is required to file Capital Fund Program Amendment to The Consolidated Annual Contributions Contract?
Public housing authorities that receive funding from 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, a public housing authority must complete the necessary forms provided by the U.S. Department of Housing and Urban Development (HUD), detailing their proposed use of funds and any specific improvements or projects.
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 facilitate the financing of capital improvements in public housing, ensuring that funding is used for necessary renovations, modernization, and enhancing the living conditions for residents.
What information must be reported on Capital Fund Program Amendment to The Consolidated Annual Contributions Contract?
Information that must be reported includes proposed project descriptions, estimated costs, timelines for completion, and how the projects align with overall housing authority plans and needs.
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