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Administrative Plan 4/1/2016 Page 16-21 <br />SAHA Policy <br />SAHA has established the following thresholds for repayment of debts: <br />• The maximum amount for which SAHA will enter into a repayment <br />agreement with a family is $3,500.00. Debts larger must be paid down prior to <br />making payments on the repayment agreement. <br />• The maximum length of time SAHA will enter into a repayment agreement <br />with a family is 36 months. <br />• The minimum monthly payment amount for any repayment agreement is <br />$10.00. <br />If a family can provide evidence satisfactory to SAHA that the threshold applicable to the <br />family’s debt would impose an undue hardship, SAHA may, in its sole discretion, <br />determine that a lower monthly payment amount is reasonable. In making its <br />determination, SAHA will consider all relevant information, including the following: <br />• The amount owed by the family <br />• The reason for the debt, including whether the debt was the result of family <br />action/inaction or circumstances beyond the family’s control <br />• The family’s current and potential income and expenses <br />• The family’s current family share, as calculated under 24 CFR 982.515 <br />• The family’s history of meeting its financial responsibilities <br />Execution of the Agreement <br />SAHA Policy <br />Any repayment agreement between SAHA and a family must be signed and dated by <br />SAHA and by the head of household and spouse/co-head (if applicable). <br />Due Dates <br />SAHA Policy <br />All payments are due by the close of business on the 1st day of the month. <br />Late or Missed Payments <br />SAHA Policy <br />If a payment is not received by the end of the business day on the date due, and prior <br />approval for the missed payment has not been given by SAHA, SAHA will send the <br />family a delinquency notice giving the family until the next scheduled payment to make <br />the note current. If the payment is not received by the second and final due date, it will be <br />considered a breach of the agreement and SAHA will proceed with termination of <br />assistance in accordance with the policies in Chapter 12. <br />For families requesting to exercise portability, all debts owed to SAHA must be paid in <br />full prior to SAHA approval of portability. <br />No Offer of Repayment Agreement <br />3-365