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Administrative Plan 4/1/2016 Page 16-20 <br />If the owner is not entitled to future HAP payments SAHA may, in its sole discretion, <br />offer to enter into a repayment agreement on terms prescribed by SAHA. <br />If the owner refuses to repay the debt, does not enter into a repayment agreement, or <br />breaches a repayment agreement, SAHA will ban the owner from future participation in <br />the program and pursue other modes of collection. <br /> <br /> <br /> <br />Family Debts to SAHA <br />SAHA Policy <br />Any amount owed to SAHA by an HCV family must be repaid by the family. If the <br />family is unable to repay the debt within 30 days, SAHA will offer to enter into a <br />repayment agreement in accordance with the policies below. <br />If the family refuses to repay the debt, does not enter into a repayment agreement, or <br />breaches a repayment agreement, SAHA will terminate assistance in accordance with the <br />policies in Chapter 12 and pursue other modes of collection. <br />Repayment Agreement [24 CFR 792.103] <br />The term repayment agreement refers to a formal written document signed by a tenant or owner <br />and provided to SAHA in which a tenant or owner acknowledges a debt in a specific amount and <br />agrees to repay the amount due at specific time periods. <br /> <br />General Repayment Agreement Guidelines for Families <br />Down Payment Requirement <br />SAHA Policy <br />Before executing a repayment agreement with a family, SAHA will generally require a <br />down payment of 10 percent of the total amount owed unless the amount exceeds $3,500. <br />If the amount exceeds $3,500, the family must pay the full amount that exceeds $3,500 <br />prior to making any monthly payments on their Repayment Agreement. <br />If the family can provide evidence satisfactory to SAHA that a down payment of 10 <br />percent would impose an undue hardship, SAHA may, in its sole discretion, require a <br />lesser percentage or waive the requirement. <br />Payment Thresholds <br />Notice PIH 2010-19 recommends that the total amount that a family must pay each month—the <br />family’s monthly share of rent plus the monthly debt repayment amount—should not exceed 40 <br />percent of the family’s monthly adjusted income. However, a family may already be paying 40 <br />per cent or more of its monthly adjusted income in rent. Moreover, Notice PIH 2010-19 <br />acknowledges that PHAs have the discretion to establish “thresholds and policies” for repayment <br />agreements with families [24 CFR 982.552(c)(1)(vii)]. <br />3-364