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What to do when a HUD Subsidized Tenant Claims “Zero Income”

My first question is​ “​Did you go through the Zero Income Questionnaire with your Tenant? ​”​The tenant may think that “income” means employment only income. As we know​, ​and as defined in Chapter 5 of the HUD Handbook 4350.3 Change 4 & Exhibit 5-1, income includes several sources ​ including​ Federal Wage, Non-Federal Wage, SS […]

TRACS 202 D and Extenuating Circumstances

What happens when an affordable housing tenant is unable to sign the HUD 50059? Let’s just say a tenant has been in the hospital, in/out of intensive care since the middle of Sept. His AR is due 12/1/2014. As per his brother, it is unlikely the tenant will be able to sign or understand what […]

HUD Passbook Rate Change-follow up

Hopefully everyone is aware of the HUD passbook rate change. Effective February 1, 2015, the passbook savings rate to be used for all move-in, initial, annual, and interim recertifications when a family has net assets over $5,000 is .06% (that’s .0006 and no rounding).

This new rate will affect the following subsidy types:

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Mileage as a Medical Deduction for Qualified Section 8 Tenants

When I attend the TRACS Industry meetings (and depending on the conversation) I usually hear attendees advocating for the property managers of affordable housing. Things which resonate to me: “What would make things easier for the property managers?”, “that is making it complicated and too burdensome on the property managers!”. It makes me feel good […]

Just Some of the New TRACS 202D Changes

The most recent TRACS 202d Industry meeting held on March 13th & 14th was two days of great information. HDS Software was nice enough to sponsor the first unsanctioned HUD meeting where we covered the TRACS 202d Final Specifications. Mary and Jed did a great job of going over the changes of the TRACS 202D […]