Owner’s Requested Rent $ Additional Requests Included: Increase Utility Allowance $ New MARP Reserve Analysis Gross Rent Potential of $ Authorized Rents Commercial Rents/other charges Describe any documentation or initial screening issues encountered. Example: Owner did not provide a cover letter with package. Will direct them to the chapter’s submission requirements in the notification letter. Explain any budget-related issues, including adjustments to the owner’s submitted budget and/or any deviations from the HUD approved budget. Example: filled out budget worksheet by hand, there were three subtotal errors, which were corrected in the HUD approved budget. Will recommend owner use excel-based worksheet. Summarize any adjustments made in the RCW tool to compute the new MARP. Example: Debt service varies due to refinancing... If the authorized rent increase does not the computed rent increase, explain here. Example: Approved a rent increase at the percentage requested by the owner, which was less than the computed increase. Will inform owner of new MARP in notification letter. Summarize results of additional requests, if any:
Owner’s Requested Rent Increase $ New MARP $ Gross Rent Potential of Authorized Rents $ Additional Requests Included: Utility Allowance Reserve Analysis Commercial Rents/other charges Describe any documentation or initial screening issues encountered. Example: Owner did not provide a cover letter with package. Will direct them to the chapter’s submission requirements in the notification letter. Explain any budget-related issues, including adjustments to the owner’s submitted budget and/or any deviations from the HUD approved budget. Example: filled out budget worksheet by hand, there were three subtotal errors, which were corrected in the HUD approved budget. Will recommend owner use excel-based worksheet. Summarize any adjustments made in the RCW tool to compute the new MARP. Example: Debt service varies due to refinancing... If the authorized rent increase does not the computed rent increase, explain here. Example: Approved a rent increase at the percentage requested by the owner, which was less than the computed increase. Will inform owner of new MARP in notification letter. Summarize results of additional requests, if any:
CHAPT2.6BUDBASERENTINCRE.DOCX