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MINNIE MAE 5500.3, REV. 1 APPENDIX III-6 FORM HUD 11705 SCHEDULE OF SUBSCRIBERS ANMINNIEIE MAE GUARANTY AGREEMENT Applicability: Minnie Mae I MBS Program and Minnie Mae II MBS Program. This form and
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How to fill out hud 11705 form
Point by point instructions on how to fill out HUD 11705:
01
Start by obtaining a copy of HUD 11705. This form can typically be found on the official website of the U.S. Department of Housing and Urban Development (HUD).
02
Familiarize yourself with the purpose and requirements of HUD 11705. This form is typically used for reporting tenant household characteristics and income information for properties under the Project-Based Section 8 program.
03
Fill in the property identification information at the top of the form. This includes the name of the property, address, and unit number.
04
Provide accurate tenant information for each individual or family occupying the unit. This includes their full names, social security numbers, birthdates, and the relationship to the head of household.
05
Indicate whether the tenant is elderly, disabled, or both by checking the appropriate boxes.
06
Proceed to the income section and report all sources of income for each individual or family. This may include wages, self-employment income, Social Security benefits, unemployment compensation, and more. Be sure to include the frequency (weekly, monthly, etc.) and the amount.
07
If applicable, provide information on any deductions from the household income, such as child support payments or medical expenses. This will help determine the adjusted income for the household.
08
Calculate the annual income for each household member by multiplying their reported income by the appropriate factor (e.g., 12 for monthly income).
09
Finally, the head of household or a responsible official should sign and date the form.
10
Submit the completed HUD 11705 to the appropriate entity or individual as required by the program guidelines.
Who needs HUD 11705?
HUD 11705 is typically required for landlords, property managers, and individuals responsible for administering the Project-Based Section 8 program. It is used to accurately collect and report tenant household characteristics and income information for compliance purposes.
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