Page 15-1 Chapter 15 SPECIAL HOUSING TYPES [24 CFR 982 ...
Page 15-1 Chapter 15 SPECIAL HOUSING TYPES [24 CFR 982 ... Page 15-1 Chapter 15 SPECIAL HOUSING TYPES [24 CFR 982 ...
• Space and Security: The entire unit must provide adequate space and security for all assistedand unassisted residents. The private space for each assisted family must contain at least onebedroom for each two persons in the family. The number of bedrooms in the private space ofan assisted family must not be less than the family unit size. A 0-bedroom or 1-bedroom unitmay not be used for shared housing.© Copyright 2006 Nan McKay & Associates, Inc. Page 15-8Adminplan 12/1/06Unlimited copies may be made for internal use.
15-V.A. OVERVIEWPART V: COOPERATIVE HOUSING[24 CFR 982.619]This part applies to rental assistance for a cooperative member residing in cooperative housing. Itdoes not apply to assistance for a cooperative member who has purchased membership under theHCV homeownership option, or to rental assistance for a family that leases a cooperativehousing unit from a cooperative member.A cooperative is a form of ownership (nonprofit corporation or association) in which theresidents purchase memberships in the ownership entity. Rather than being charged “rent” acooperative member is charged a “carrying charge.”When providing HCV assistance in cooperative housing, the standard form of the HAP contractis used.15-V.B. PAYMENT STANDARD, UTILITY ALLOWANCE AND HAP CALCULATIONThe payment standard and utility allowance are determined according to regular HCV programrequirements.The HAP for a cooperative housing unit is the lower of the payment standard minus the TTP orthe monthly carrying charge for the unit, plus any utility allowance, minus the TTP. The monthlycarrying charge includes the member’s share of the cooperative debt service, operating expenses,and necessary payments to cooperative reserve funds. The carrying charge does not includedown payments or other payments to purchase the cooperative unit or to amortize a loan made tothe family for this purpose.15-V.C. HOUSING QUALITY STANDARDSAll standard HQS requirements apply to cooperative housing units. There are no additional HQSrequirements.© Copyright 2006 Nan McKay & Associates, Inc. Page 15-9Adminplan 12/1/06Unlimited copies may be made for internal use.
- Page 5 and 6: 15-III.A. OVERVIEWPART III: GROUP H
- Page 7: 15-IV.A. OVERVIEWPART IV: SHARED HO
- Page 11 and 12: Space RentThe space rent is the sum
- Page 13 and 14: income of adult family members who
- Page 15 and 16: • The unit must be a one-unit pro
- Page 17 and 18: 15-VII.G. HOME INSPECTIONS, CONTRAC
- Page 19 and 20: month when the family moves out. Th
- Page 21 and 22: • Principal and interest on mortg
- Page 23: SAHA PolicyFor families participati
<strong>15</strong>-V.A. OVERVIEWPART V: COOPERATIVE <strong>HOUSING</strong>[<strong>24</strong> <strong>CFR</strong> <strong>982</strong>.619]This part applies to rental assistance for a cooperative member residing in cooperative housing. Itdoes not apply to assistance for a cooperative member who has purchased membership under theHCV homeownership option, or to rental assistance for a family that leases a cooperativehousing unit from a cooperative member.A cooperative is a form of ownership (nonprofit corporation or association) in which theresidents purchase memberships in the ownership entity. Rather than being charged “rent” acooperative member is charged a “carrying charge.”When providing HCV assistance in cooperative housing, the standard form of the HAP contractis used.<strong>15</strong>-V.B. PAYMENT STANDARD, UTILITY ALLOWANCE AND HAP CALCULATIONThe payment standard and utility allowance are determined according to regular HCV programrequirements.The HAP for a cooperative housing unit is the lower of the payment standard minus the TTP orthe monthly carrying charge for the unit, plus any utility allowance, minus the TTP. The monthlycarrying charge includes the member’s share of the cooperative debt service, operating expenses,and necessary payments to cooperative reserve funds. The carrying charge does not includedown payments or other payments to purchase the cooperative unit or to amortize a loan made tothe family for this purpose.<strong>15</strong>-V.C. <strong>HOUSING</strong> QUALITY STANDARDSAll standard HQS requirements apply to cooperative housing units. There are no additional HQSrequirements.© Copyright 2006 Nan McKay & Associates, Inc. <strong>Page</strong> <strong>15</strong>-9Adminplan 12/1/06Unlimited copies may be made for internal use.
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