PURCHASE EXISTING NEW CONSTRUCTION LEASE & CAPITAL RELATED PARTY HOUSE LEASE LEASES Mortgage or Loan HUD1 Settlement document for Lease including full legal When a Related Party to Statement (or other construction costs address, monthly rent, the provider is involved in documentation of (including total cost, length of lease. an Adult Long Term Purchase Price) amount financed, Residential (ALTR) Mortgage or Loan interest rate, terms of Additional documentation housing transaction, document with loan) will be requested if it is documents will be Amount Financed and Mortgage or Loan determined that a lease is requested to help determine finance document for Land actually a Capital Lease. whether the lease amount is (amortization, interest Cost, land financed, A Capital Lease is greater than the Related rate, and length of terms of sale, if a a lease agreement in which Party site acquisition costs financing). separate transaction and the lessor (owner) agrees (mortgage interest + Land Card from town not part of construction to transfer the ownership depreciation + insurance + assessor office (for mortgage rights to the lessee after property tax [if Land Value amount) Land Card from town the completion of the lease applicable]). The lesser of Renovations. If assessor office (for period. the 2 amounts is the renovations have been Land Value amount) reimbursable lease amount. made or are in process. Contract with details Determination of Capital Include a contract with of work and associated Lease status will be made Determination of Related details of work and costs related to by EOHHS, but should be Party status will be made associated costs, and construction and disclosed if it is by EOHHS, but should be documentation of documentation of discovered, or otherwise disclosed if it is discovered, payment. payment. becomes known, at the or otherwise becomes Area or Regional Office. known, at the Area or Regional Office. DDS APPROVED ABSENCE POLICY-RESIDENTIAL PROGRAMS EFFECTIVE JULY 1, 2016 At any given time in a residential program there is the potential for one or more consumers to be absent from the program. This absence can be of either a short term or a long term nature. When it becomes apparent to a provider that such absences will exceed the number of days reimbursed by virtue of the utilization factor built into the unit rate the provider may consult with
PURCHASE EXISTING HOUSE HUD1 Settlement Statement (or other documentation of Purchase Price) Mortgage or Loan document with Amount Financed and finance (amortization, interest rate, and length of financing). Land Card from town assessor office (for Land Value amount) Renovations. If renovations have been made or are in process. Include a contract with details of work and associated costs, and documentation of payment. NEW CONSTRUCTION Mortgage or Loan document for construction costs (including total cost, amount financed, interest rate, terms of loan) Mortgage or Loan document for Land Cost, land financed, terms of sale, if a separate transaction and not part of construction mortgage Land Card from town assessor office (for Land Value amount) Contract with details of work and associated costs related to construction and documentation of payment. LEASE & CAPITAL LEASE Lease including full legal address, monthly rent, length of lease. Additional documentation will be requested if it is determined that a lease is actually a Capital Lease. A Capital Lease is a lease agreement in which the lessor (owner) agrees to transfer the ownership rights to the lessee after the completion of the lease period. Determination of Capital Lease status will be made by EOHHS, but should be disclosed if it is discovered, or otherwise becomes known, at the Area or Regional Office. RELATED PARTY LEASES When a Related Party to the provider is involved in an Adult Long Term Residential (ALTR) housing transaction, documents will be requested to help determine whether the lease amount is greater than the Related Party site acquisition costs (mortgage interest + depreciation + insurance + property tax [if applicable]). The lesser of the 2 amounts is the reimbursable lease amount. Determination of Related Party status will be made by EOHHS, but should be disclosed if it is discovered, or otherwise becomes known, at the Area or Regional Office. DDS APPROVED ABSENCE POLICY-RESIDENTIAL PROGRAMS EFFECTIVE JULY 1, 2016 At any given time in a residential program there is the potential for one or more consumers to be absent from the program. This absence can be of either a short term or a long term nature. When it becomes apparent to a provider that such absences will exceed the number of days reimbursed by virtue of the utilization factor built into the unit rate the provider may consult with
Regulated%20Rate%20Contracts.docx