- Surplus Cash Distribution
Once a surplus cash calculation is completed, when must the amount be distributed? Due to different external issues, the June…
- Surplus Cash – Section 232
I have a client that had surplus cash of $80,000 based on the 2016 mid-year calculation. In August 2016 they…
- Mid-Year Distributions Under Old Regulatory Agreement
I've run into a similar situation for a question that was posed last week on this site regarding mid-year calculations…
- HUD Loan Refinancing – Payment of Loan Fees
I have a client that received a FASS letter inquiring about the payment of loan fees related to refinancing of…
- Major Program Selection
Hello, My colleague spoke with you recently regarding an 811 for which we have submitted a request for a waiver…
- Definition of Surplus Cash
The definition of Surplus Cash under HUD-92466M (Rev. 04/11)includes “all other obligations of the Project (accounts payable and accrued, unescrowed…
- NFP HUD Audit
We have a not for profit HUD that has a non-major section 8 program and a major program relating to…
- Borrowed Funds
We are working through a situation and have a question on the Regulatory Agreement Part III 14(a) where it states…
- Mid-Year Surplus Cash Calculation for Distribution
Anonymous I have a question I was hoping you would know the answer to off the top of your head.…
- Tenant Security Deposit Account Question
As you know, HUD requires that each project maintain a separate bank account that is strictly used for tenant security…
- Restricted Gifts
We have a project that is new this year and thus their capital advance from HUD has to run through…
- Surplus Cash – Mid-Year Calculation
Can the mid-year surplus cash calculation be another date than June 30, 2016? My client’s regulatory agreement is under Section…