HUD Compliance Topics June 28, 2012
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Transcript of HUD Compliance Topics June 28, 2012
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HUD Compliance Topics
June 28, 2012
Michael HollarSenior Economist
U.S. Department of Housing and Urban Development
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HUD Compliance Topics
1. 2012 LIHTC Data Collection The Data Request Illustration of Data Problems Feedback
2. SADDAs
3. Income Limits
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2012 LIHTC Data Request
1. Property Data:All properties placed into service in 2011.
2. Tenant Data:All tenants in LI units on Dec. 31, 2011.
3. Updated Property Data:• Significant updates/revisions: include in property submission.
• Minor updates/revision: e-mail me. • includes properties no longer monitored.
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Illustration of Data Problems
1. Address2. BINs3. Income and Rent
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Illustration of Data Problems
1. 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.
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Illustration of Data Problems
2. 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
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Illustration of Data Problems
3. Income and Rent Income: Income Restriction for Unit (%)
Applicable Income LimitTotal HH Income
Rent: Rent Restriction for Unit (%)Max Rent for UnitTenant Paid RentGross RentRental Assistance
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Illustration of Data Problems
3. 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”
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Illustration of Data Problems
3. Income and Rent Income Restriction for Unit
Reported Value1 1%2 25%3 12% 38%
9 13%30 2%35 0%40 1%45 0%50 8%60 36% 61%
0 0% (~4,100)4, 5 0% (~140)Other Values <60 0% (~4,000)>60 0% 1% (~65)Total 100%
% ReportedHousehold Meets Income Restriction at:
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Illustration of Data Problems
3. Income and Rent Applicable Income Limit
• Maximum income limit for household size.• FY2010: Ranged from $8,200 to $99,600.
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Illustration of Data Problems
3. Income and Rent Applicable Income Limit
Reported Value % #(blank) 24%<$8,600 17%$8,600 - $99,600 58%$99,601 - $1M 0% ~120>$1M 0% ~10Total 100%
Current LIHTC Income Limit
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Illustration of Data Problems
3. Income and Rent Total HH Income:
Errors mostly due to misplaced decimals.
Reported Value % #(missing) 0% ~12500 15%$1 - $100,000 84%$100,001 - $200,000 1%$200,001 - $1M 0% ~180>$1M 0% ~70Total 100%
Annual HH Income
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Illustration of Data Problems
3. Income and Rent Total HH Income:
New validation: Maximum value: $200,000. Missing = “9”
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Illustration of Data Problems
3. 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”
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Illustration of Data Problems
3. Income and Rent Unit Rent Restriction
Reported Value1 1%2 24%3 13% 38%
9 11%30 2%35 0%40 1%45 0%50 8%60 34% 56%
0 5%4, 5, 6 0% (~95)Other Values <60 0% (~4,200)>60 0% 5% (~30)Total 100%
Percent Unit Meets Rent Restriction:% Reported
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Illustration of Data Problems
3. Income and Rent Rent: Max Rent for Unit
Tenant Paid RentGross RentRental Assistance
Errors due to misplaced decimals.New validation:
Maximum value: $3,000. Missing = “9”
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Illustration of Data Problems
3. Income and Rent Maximum Allowable Gross Rent for Unit
• Max in FY10: $205 - $2,490
Reported Value % #(blank) 27%<$205 18%$205 - $2,490 56%$2,491 - $10,000 0% ~150>$10,000 0% ~260Total 100%
Maximum LIHTC Rent
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Illustration of Data Problems
3. Income and Rent Tenant Paid Rent
• Max in FY10: $2,490
Reported Value % #(missing) 4%0 9%$1 - $2,490 87%$2,491 - $5,000 0% ~30>$5,000 0% ~90Total 100%
Tenant Paid Rent
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Illustration of Data Problems
3. Income and Rent Gross Rent
• Max in FY10: $2,490 Reported Value % #
(missing) 6%(blank) 0%0 13%$1 - $2,490 81%$2,491 - $5,000 0% ~20>$5,000 0% ~60Total 100%
Gross Rent
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Illustration of Data Problems
3. Income and Rent Rental Assistance:
General Maximum of 110% of FMR Max in FY10: $2,833 * 110% = $3,116
Reported Value % #(missing) 39%(blank) 0% ~600 33%$1 - $2,490 28%$2,491 - $3,116 0% 0>$3,116 0% ~50Total 100%
Rental Assistance
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HUD Compliance Topics1. 2012 LIHTC Data Collection
Feedback:• Abt Assistance• User Interface for Direct Input
2. SADDAs HUD will use SADDA concept for 2013 DDAs. Expected publication in August.
3. Income Limits Publication date moved to Dec. 1.
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Questions?
www.huduser.org/portal/LIHTCXMLUpload.htmlContacts:
HUD: Mike [email protected]
Abt: Carissa [email protected]