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HUD Compliance Topics June 28, 2012

HUD Compliance Topics June 28, 2012. Michael Hollar Senior Economist U.S. Department of Housing and Urban Development. HUD Compliance Topics. 2012 LIHTC Data Collection The Data Request Illustration of Data Problems Feedback SADDAs Income Limits. 2012 LIHTC Data Request.

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HUD Compliance Topics June 28, 2012

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  1. HUD Compliance TopicsJune 28, 2012 Michael Hollar Senior Economist U.S. Department of Housing and Urban Development

  2. HUD Compliance Topics • 2012 LIHTC Data Collection • The Data Request • Illustration of Data Problems • Feedback • SADDAs • Income Limits

  3. 2012 LIHTC Data Request • Property Data: • All properties placed into service in 2011. • Tenant Data: • All tenants in LI units on Dec. 31, 2011. • Updated Property Data: • Significant updates/revisions: include in property submission. • Minor updates/revision: e-mail me. • includes properties no longer monitored.

  4. Illustration of Data Problems Address BINs Income and Rent

  5. Illustration of Data Problems • Address • Need complete geocodable addresses. • What not to submit: • Street: “13 through 16” • “Scattered Sites” , “Various--See Below MNGR.” • “2043/2045/2047 East 44th St.” • “State Road 2 Km 57.2” • Typical errors: • No street address. • Lack of Street Number.

  6. Illustration of Data Problems • BINs • IRS Format: ST-04-01001 • What not to submit: • ST.01.010.006 • ST.97.26.001.026 • ST.05.03.019 • ST-2004-00321

  7. Illustration of Data Problems • Income and Rent • Income: Income Restriction for Unit (%) • Applicable Income Limit • Total HH Income • Rent: Rent Restriction for Unit (%) • Max Rent for Unit • Tenant Paid Rent • Gross Rent • Rental Assistance

  8. Illustration of Data Problems • Income and Rent • Income Restriction for Unit • Restriction required by LIHTC set-aside. • 50% or 60% for most units. • Accepted Values: Integer from “0” to “60”. • Missing = “9”

  9. Illustration of Data Problems • Income and Rent • Income Restriction for Unit

  10. Illustration of Data Problems • Income and Rent • Applicable Income Limit • Maximum income limit for household size. • FY2010: Ranged from $8,200 to $99,600.

  11. Illustration of Data Problems • Income and Rent • Applicable Income Limit

  12. Illustration of Data Problems • Income and Rent • Total HH Income: • Errors mostly due to misplaced decimals.

  13. Illustration of Data Problems • Income and Rent • Total HH Income: • New validation: • Maximum value: $200,000. • Missing = “9”

  14. Illustration of Data Problems • Income and Rent • Unit Rent Restriction • Restriction required by LIHTC set-aside. • 50% or 60% for most units. • Accepted Values: Integer from “0” to “60”. • Missing = “9”

  15. Illustration of Data Problems • Income and Rent • Unit Rent Restriction

  16. Illustration of Data Problems • Income and Rent • Rent: Max Rent for Unit • Tenant Paid Rent • Gross Rent • Rental Assistance • Errors due to misplaced decimals. • New validation: • Maximum value: $3,000. • Missing = “9”

  17. Illustration of Data Problems • Income and Rent • Maximum Allowable Gross Rent for Unit • Max in FY10: $205 - $2,490

  18. Illustration of Data Problems • Income and Rent • Tenant Paid Rent • Max in FY10: $2,490

  19. Illustration of Data Problems • Income and Rent • Gross Rent • Max in FY10: $2,490

  20. Illustration of Data Problems • Income and Rent • Rental Assistance: • General Maximum of 110% of FMR • Max in FY10: $2,833 * 110% = $3,116

  21. HUD Compliance Topics • 2012 LIHTC Data Collection • Feedback: • Abt Assistance • User Interface for Direct Input • SADDAs • HUD will use SADDA concept for 2013 DDAs. • Expected publication in August. • Income Limits • Publication date moved to Dec. 1.

  22. Questions? • www.huduser.org/portal/LIHTCXMLUpload.html • Contacts: • HUD: Mike Hollar • 202-402-5878 • Michael.K.Hollar@HUD.gov • Abt: Carissa Climaco • 617-349-2386 • Carissa_Climaco@abtassoc.com

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