Form Hud-52485 - Demonstration Of Financial Feasibility Page 2
Download a blank fillable Form Hud-52485 - Demonstration Of Financial Feasibility in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Hud-52485 - Demonstration Of Financial Feasibility with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3Part 3. Estimate of Average Monthly Contract Rent of the Proposed Project
per Unit Month
$
a. Estimate of Average Monthly Gross Rent
$
b. Estimate of Tenant-Purchased Utilities ( from item 1i, above)
$
c. Estimate of Monthly Contract Rent (a minus b)
$
d. Estimate of Average Monthly Contract Rent Based on 97% Occupancy (.97 x c)
Part 4. PHA Determination The PHA determines that (
) :
mark and complete "a" or "b"
b.
The project's estimated operating expenses, (item 2k) $________________________
a.
The project's estimated operating expenses,
will exceed the estimated operating income (item 3d) $________________________
(item 2k) $___________________________
by
$________________________
will not exceed the estimated operating income
(item 2k minus item 3d) and an operating subsidy of that amount will be required. To
(item 3d) $___________________________
be feasible, this amount cannot exceed item 5d (below).
Part 5. Maximum Allowable Operating Subsidy
per Unit Month
a. The PUM allowable expense level
$
b. Plus: The PUM allowable utilities expense level (from item 1h, above, less utilities labor and
$
other utilities expense)
c. Minus: The PUM contract rental income (item 3d, above)
$
d. Maximum PFS operating subsidy (5a plus 5b minus 5c)
$
Part 6. Signature
I hereby certify that all the information stated herein, as well as any information provided in the accompaniment herewith, is true and accurate.
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802)
Typed Name and Title of Authorized PHA Official:
Signature:
Date:
x
Instructions
Part A, Life Cycle Cost Analysis of Utility Combinations. The PHA
1. Purpose.
This form shall be used to demonstrate financial
shall use the cost associated with the utility combination which HUD
feasibility of a project submitted by a Public Housing Agency (PHA)
has determined is most suitable for the project. Estimates for water
under the Public Housing Program pursuant to 24 CFR 941 and the
and sewage disposal shall be determined separately and entered in
Public Housing Development Handbook 7417.1 REV-1 and by an
Part 1, Items a and b. Costs shown on HUD-51994 will be allocated
Indian Housing Authority (IHA) under the Indian Housing Program
to PHA furnished or tenant purchased and the results entered into
pursuant to 24 CFR 905 and the Indian Housing Handbook 7440.1.
Part 1, Items h and i.
This form is to be used for all development methods: conventional,
turnkey or acquisition. A project may be approved by the HUD Field
Part 2. - Estimate of Operating Expenses. The PHA shall submit
Office if it is determined that the project is financially feasible based
an estimate of its average monthly operating expenses for its first
on the PHA’s demonstration of financial feasibility pursuant to this
year of operation. This estimate shall be based on the actual
form. This form is not to be used by PHAs located in Alaska, Guam,
expenses of a project which is comparable from a physical and
Puerto Rico or the Virgin Islands (See Handbook 7417.1 REV-1). A
tenancy standpoint and is located in or about the locality of the
revision of this financial feasibility test is mandatory if the PHA
proposed project. The expense estimates shall be based on current
proposes to change any physical element of the proposed project or
data and shall not include a projected inflation factor.
its method of management or plans to increase services, and such
a. Administrative Expenses. Enter the PUM estimated total ad-
change would materially increase the estimated operating costs of
ministrative expense for the project. Do not include an estimate for
said project.
audit fees.
2. Prepared By: The form HUD-52485 is prepared by the PHA, with
b. Tenant Services Expense.
Enter the PUM estimated total
assistance if necessary from the HUD Field Office.
expense for any tenant services programs projected for the project.
3. Number: Original and one or more copies.
c. Utilities Furnished by PHA. Enter the PUM estimated total
4. Distribution: A PHA shall submit the original to the applicable
expense for utilities to be supplied by the PHA for the project.
HUD Field Office with the PHA Proposal for the project and shall
d. Ordinary Maintenance and Operation. Enter the PUM estimated
retain a copy for its files. A PHA may also be requested by the Field
total expenses for ordinary maintenance and operation for the project.
Office to submit additional copies.
e. Protective Services. Enter the PUM estimated total expenses
5. Instructions for PHA Preparation:
applicable to protective services for the project.
Heading: In the space provided, enter the name and address of the
f. Insurance. Enter the PUM annual cost of the required insurance,
PHA and the project number.
even though the initial insurance may be charged to the development
Part 1. - Estimate of PHA and Tenant Utility Costs. Enter the
cost of the project.
estimated per unit per month (PUM) consumption and PUM cost
g. Payment in Lieu of Taxes (PILOT). Enter the PUM estimated
applicable to PHA furnished and/or tenant purchased utilities. The
cost for PILOT. PILOT is ten (10) percent of the difference between
source data for consumption and cost for electricity, gas, fuel,
the estimate of monthly contract rent and the utilities supplied by the
heating supplies and heating labor is available on Form HUD-51994,
project. No entry need be made where the Cooperation Agreement
form HUD-52485 (5/94)
Previous edition is obsolete
page 2 of 3
ref. Handbooks 7417.1 & 7450.1
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Hud-2063 - Schedule Of Federal Housing Administration Debentures Authorized And Requisitioned - Original Issue - Office Of Housing Federal Housing Commissioner - U.s. Department Of Housing And Urban Development
Legal
Form Hud 50071 - Certification Of Payments To Influence Federal Transactions - Office Of Public And Indian Housing - U.s. Department Of Housing And Urban Development
Legal
Form Hud-27030 - Transfer Of Note Report Form - U.s. Department Of Housing And Urban Development
Legal
Form Hud-2991 - Certification Of Consistency With The Consolidated Plan - U.s. Department Of Housing And Urban Development
Business
Form Hud-92282 - Allocation Of Formula Rent To Revenue Producing Dwelling Units - U.s. Department Of Housing And Urban Development
Legal
Form Hud-2063 - Schedule Of Federal Housing Administration Debentures Authorized And Requisitioned - 2001
Legal
Related Categories
Parent category: Legal