hud compliance topics june 28, 2012 michael hollar senior economist u.s. department of housing and...

HUD Compliance Topics

June 28, 2012

Michael HollarSenior Economist

U.S. Department of Housing and Urban Development

HUD Compliance Topics

1. 2012 LIHTC Data Collection The Data Request Illustration of Data Problems Feedback

2. SADDAs

3. Income Limits

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.

Illustration of Data Problems

1. Address

2. BINs

3. Income and Rent

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.

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

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

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”

Illustration of Data Problems

3. Income and Rent Income Restriction for Unit

Reported Value

1 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:

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.

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% ~10

Total 100%

Current LIHTC Income Limit

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% ~70

Total 100%

Annual HH Income

Illustration of Data Problems

3. Income and Rent Total HH Income:

New validation:

Maximum value: $200,000. Missing = “9”

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”

Illustration of Data Problems

3. Income and Rent Unit Rent Restriction

Reported Value

1 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

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”

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% ~260

Total 100%

Maximum LIHTC Rent

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% ~90

Total 100%

Tenant Paid Rent

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% ~60

Total 100%

Gross Rent

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% ~50

Total 100%

Rental Assistance

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.

Questions?

www.huduser.org/portal/LIHTCXMLUpload.html

Contacts: HUD: Mike Hollar

202-402-5878Michael.K.Hollar@HUD.gov

Abt: Carissa Climaco617-349-2386Carissa_Climaco@abtassoc.com