North Tampa Housing Development Corp.

Improving Housing For Florida Communities

Announcements

Clarification of Utility Allowance Regulations
June 22, 2011

Per HUD memorandum dated June 20, 2011, Owners of multifamily housing properties that receive subsidy assistance, and for which HUD provides a utility allowance, are required to adjust their properties utility allowances every year at the time of the annual adjustment of contract rents be it OCAF, AAF, Special Adjustment or Budget Based .

The adjustment, which may result in an increase or decrease (or no change) from the current utility allowance, must be supported by an analysis with the rent adjustment submission. NTHDC will withhold the rent adjustment until receipt of the utility analysis and all other required submissions. Once the required documents are received, NTHDC will make the rent effective date retroactive.

Effective immediately, NTHDC will require a Utility Analysis for complete package submissions for all properties where the tenants receive a Utility Allowance.

If you have any questions concerning this policy, please contact your Central Contract Specialist.

Regards,

North Tampa Housing Development Corporation

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