QUESTION 1: Will the Non-section 8 rents be listed on the rent schedule as well?
ANSWER:
The Non-Section 8 units are not always listed on the rent schedule. It is best practice to verify the Non-Section 8 rent potential each time there is an upcoming rent adjustment so that you have the accurate yearly figure to send to your CCS. If the property is non-insured, the non S8 rents do not need to be included unless the Owner/Agent prefers. Also if the Owner/Agent requests it, we will include them on the rent schedule provided they are listed in the occupancy screen in IREMS.
QUESTION 2: Debt service can also include Bond debt fees if applicable- correct?
Bond debt fees are an allowable project expense and can be included in a budget request, however, it is our understanding only Principal Interest and MIP can be included in debt service.
QUESTION 3: For what reason would a tenant be granted a reasonable accommodation for a U/A?
The only reasonable accommodation for a U/A that we are aware of may be for a medical utility accommodation (back-up equipment for lifesaving machines). If a unit has a utility reasonable accommodation for medical equipment, that unit should be excluded from the baseline utility analysis.