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4-1 SUBMISSION ANNUAL ADMIN PLAN_EXHIBIT 3
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4-1 SUBMISSION ANNUAL ADMIN PLAN_EXHIBIT 3
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Last modified
3/17/2015 11:31:20 AM
Creation date
4/10/2014 3:50:49 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
4-1
Date
4/1/2015
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<br />bedroom for each two persons in the family. The number of bedrooms in the private space of <br />an assisted family must not be less than the family unit size. A 0-bedroom or 1-bedroom unit <br />may not be used for shared housing. <br /> <br />PART V: COOPERATIVE HOUSING <br />\[24 CFR 982.619\] <br />15-V.A. OVERVIEW <br />This part applies to rental assistance for a cooperative member residing in cooperative housing. It <br />does not apply to assistance for a cooperative member who has purchased membership under the <br />HCV homeownership option, or to rental assistance for a family that leases a cooperative <br />housing unit from a cooperative member. <br />A cooperative is a form of ownership (nonprofit corporation or association) in which the <br />residents purchase memberships in the ownership entity. <br /> <br />When providing HCV assistance in cooperative housing, the standard form of the HAP contract <br />is used. <br />15-V.B. PAYMENT STANDARD, UTILITY ALLOWANCE AND HAP CALCULATION <br />The payment standard and utility allowance are determined according to regular HCV program <br />requirements. <br />The HAP for a cooperative housing unit is the lower of the payment standard minus the TTP or <br />the monthly carrying charge for the unit, plus any utility allowance, minus the TTP. The monthly <br />and necessary payments to cooperative reserve funds. The carrying charge does not include <br />down payments or other payments to purchase the cooperative unit or to amortize a loan made to <br />the family for this purpose. <br />15-V.C. HOUSING QUALITY STANDARDS <br />All standard HQS requirements apply to cooperative housing units. There are no additional HQS <br />requirements. <br /> <br />PART VI: MANUFACTURED HOMES <br />\[24 CFR 982.620 through 982.624\] <br />15-VI.A. OVERVIEW <br />A manufactured home is a manufactured structure, transportable in one or more parts, that is <br />built on a permanent chassis, and designed for use as a principal place of residence. HCV- <br />assisted families may occupy manufactured homes in two different ways. <br />Page 15-7 <br />04/01/14 <br /> <br /> <br /> <br />
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