2021 HOME Rent Approval Form Submission
The 2021 HOME Rent Approval Form is essential for all Participating Jurisdictions to submit annually for maintaining HOME assisted projects. This document ensures compliance with the 2013 HOME Final Rule concerning rent limits and income limits. Timely submission is critical to maintain funding eligibility and avoid penalties.
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How do I fill this out?
To fill out the 2021 HOME Rent Approval Form, gather the necessary project information beforehand. Ensure that you have the latest HUD HOME and NSP rent limits to accurately complete the form. Follow the instructions carefully to avoid any delays in approval.
How to fill out the 2021 HOME Rent Approval Form Submission?
1
Gather all necessary project details.
2
Obtain current HUD HOME and NSP rent limits.
3
Complete the Cover Page and the Worksheet.
4
Email the completed form to Compliance@dca.ga.gov.
5
Review the submission before the deadline on September 30, 2021.
Who needs the 2021 HOME Rent Approval Form Submission?
1
Property Managers need this form to keep their HOME projects compliant.
2
Developers must submit this form for project funding approvals.
3
Housing Authorities require this for overseeing housing compliance.
4
Investors use it to ensure their investments are fully compliant with HOME regulations.
5
Tenants may benefit since compliant projects can mean stabilized rent.
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What are the instructions for submitting this form?
To submit the 2021 HOME Rent Approval Form, please email the completed form to Compliance@dca.ga.gov. Include all necessary supporting documentation such as Exhibit B of the Land Use Restriction Agreement and the current HOME Income and Rent Limits for your county. Ensure to send your submission by the deadline of September 30, 2021, to avoid any penalties.
What are the important dates for this form in 2024 and 2025?
Key dates for the 2021 HOME Rent Approval Form include the submission deadline of September 30, 2021. There are no future relevant dates for 2024 and 2025 since this is a per-year submission. Ensure all documents are submitted timely to avoid penalties.
What is the purpose of this form?
The 2021 HOME Rent Approval Form serves as a vital document for compliance with the HOME Investment Partnerships Program regulations. It assists Participating Jurisdictions in documenting and submitting annual rent approvals necessary for maintaining HOME-assisted projects. By rigorously following the established guidelines, stakeholders ensure the ongoing eligibility for funding and adherence to legislative requirements.
Tell me about this form and its components and fields line-by-line.
- 1. Project Name: The name of the housing project.
- 2. GA ID Number: Assigned ID number for the project in Georgia.
- 3. County: The county in which the project is located.
- 4. Date the Project was placed in service: The official date when the project began.
- 5. Rural County?: Indicates whether the project is in a rural area.
- 6. Utility Allowance: Allows for deductions based on provided utility rates.
What happens if I fail to submit this form?
Failure to submit the 2021 HOME Rent Approval Form may result in severe consequences, including removal from the Approved Management Companies list. Additionally, it can hinder future funding applications and lead to non-compliance findings that may affect your housing projects.
- Funding Loss: Non-compliance can result in the loss of future funding opportunities.
- Compliance Issues: Without timely submission, projects may not meet compliance requirements.
- Reputational Damage: Failure to adhere to submission guidelines can harm the reputation of management companies.
How do I know when to use this form?
- 1. Annual Rent Increases: To document and submit any increases in rent for compliance.
- 2. Project Funding Applications: When applying for funding, this form must be completed and submitted.
- 3. Documentation for Compliance Reviews: Provides necessary documentation during compliance reviews.
Frequently Asked Questions
What is the purpose of the 2021 HOME Rent Approval Form?
The form is used for submitting rent approvals for HOME assisted projects to ensure compliance with federal regulations.
How do I submit the completed form?
You can submit it via email to Compliance@dca.ga.gov.
What happens if I miss the submission deadline?
Failing to meet the deadline can result in removal from the Approved Management Companies list and impact future funding.
Can I edit the PDF file of the form?
Yes, you can edit the PDF using PrintFriendly’s editing features.
How long do I have to wait for approval after submission?
DCA will respond within 15 business days from the date the request is received.
Are utility allowances part of this form?
Yes, you must include utility allowances if applicable.
What are PBRA units?
PBRA units refer to Project-Based Rental Assistance units that have specific rental assistance contracts.
How can I find the HUD HOME and NSP rent limits?
You can find the latest limits published by HUD before completing the form.
Is there a specific format for submitting this form?
Yes, ensure that the email subject line follows the format: GA ID # / Property Name / HOME Rent Review / County.
Who can assist me with this form?
You can reach out to the Office of Portfolio Management for assistance with the form.
