REMINDER 2011 Annual Financial Statement Due
Owners are required to submit Annual Financial Statement as outlined in the project's Regulatory Agreement. The financial statement is due within sixty (60) days following the end of the project's fiscal year.
DUNS/CCR Owner Certification
Notice Requiring Owners to Obtain Dun and Bradstreet Numbering System (DUNS) Numbers and to Register in the Central Contractor Registration (CCR)
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Clarification of Project-Based Section 8 Utility Allowance Regulations
Please review these memos from HUD Headquarter, HUD LA and HUD SF providing clarification of Utility Allowance Regulations for Project-based Section 8 properties. Effective October 1, 2011, Owners are required to provide a utility analysis with a request for a rent adjustment regardless if there is an adjustment or no change to the current utility allowance. Rent adjustment submission will be withheld if a utility analysis is not submitted. Owner certification and PHA schedules of utility amounts are no longer accepted as valid utility analysis documentation.
Asset Management Notices
March 2011
DUNS/CCR Owner Certification
Notice Requiring Owners to Obtain Dun and Bradstreet Numbering System (DUNS) Numbers and to Register in the Central Contractor Registration (CCR) Notice H 2011-01 was issued on January 5, 2011, providing the regulatory reporting requirements and guidance for legal entities receiving federal assistance. Rental assistance payments made under Project-Based Section 8 or Section 202 or 811 Project Rental Assistance Contracts are covered under these requirements. Owners must obtain a DUNS number and have an active, valid registration in CCR within 60 days of the publication date of this Notice. An owner's failure to obtain a DUNS number and CCR registration within the timeframe allotted may result in the suspension of housing assistance payments or rental assistance payments.
The notice includes guidance for the following:
- Background on Public Law 109-282, The Federal Funding Accountability and Transparency Act of 2006
- Deadline for obtaining DUNS Numbers and Registration in CCR
- Process for Obtaining a DUNS Number and Registration in CCR
- Utilization of CCR and DUNS information
The Notice is posted on HUDCLIPS at: http://www.hud.gov/offices/adm/hudclips/notices/hsg/
