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NTHDC Training Webinar FAQ

July 02, 2021

 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?

ANSWER:

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?

ANSWER:

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.