Form Hud-92458 - Rent Schedule Low Rent Housing - 2005 Page 3
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3Public reporting burden for this collection of information is estimated to average 20 minutes per response, including the time for reviewing instructions,
searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency
may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.
This collection of information is authorized under Section 207 of the National Housing Act. The information is necessary for the Department to ensure
that project owners are not overcharging their tenants and to ensure that the rent levels approved by the Department are not exceeded. The Department
uses this information to enforce rent regulations which otherwise would be difficult because there would be no clear record of the rents and charges that
the Department had approved. In addition, the Department needs to periodically collect information regarding project principals, so unauthorized
participation by previously excluded or otherwise undesirable owners can be detected. This information is required to obtain benefits. HUD may disclose
certain information to Federal, State, and local agencies when relevant to civil, criminal, or regulatory investigations and prosecutions. It will not be
otherwise disclosed or released outside of HUD, except as required and permitted by law.
Instructions
All project owners must submit the form HUD-92458 when request-
Column 3. For unsubsidized projects, show the rent you intend to
ing an adjustment to project rents. HUD establishes and approves
charge for each unit type. For subsidized projects, show the contract
rental charges and utility allowances on the Form. The owner is
rent (as defined in HUD Handbook 4350.3) for each unit type.
responsible for notifying tenants of the approved rents.
Column 4. For each line, multiply the contract rent in Column 3 by the
General. For projects with fully-insured or HUD-held mortgages, the
number of units in Column 4. Add monthly contract rent potentials for
owner/agent submits this Form to the HUD Field Office. For projects
each unit size to compute the total monthly contract rent potential.
with coinsured mortgages, the owner/agent submits this Form to the
Multiply the monthly total by 12 to compute the annual contract rent
lender.
potential.
Part A. If the monthly rent potential you are proposing is less than or
Columns 5 and 6. Complete the Columns only if the project has a
equal to the Maximum Allowable Monthly Rent Potential approved by
subsidy contract with HUD and some utilities are not included in the
HUD/lender on your original Rent Formula or on your most recent
rent. In Column 5, show the utility allowance for each unit type.
Rent Computation Worksheet, complete all of Part A according to the
Compute the gross rent for each unit type by adding the contract rent
instructions below. If the monthly rent potential you are requesting
in Column 3 and the utility allowance in Column 5. Show this amount
exceeds the Maximum Allowable Monthly Rent Potential approved
in Column 6.
by HUD/lender on your original Rent Formula or on your most recent
Columns 7 and 8. Complete these Columns only if the project is
Rent Computation Worksheet, complete only Columns 1 and 2
receiving Section 236 Interest Reduction Payments. In Column 7,
according to the instructions below. Show your proposed rents and
show the market rent for each unit type. In Column 8, for each line
monthly rent potential in the cover letter transmitting your rent
multiply the market rent in Column 7 by the number of units in Column
increase request.
2. Add the monthly market rent potentials for each unit size to
Column 1. Show each type of unit for which rents will vary. Show the
compute the total monthly market rent potential. Multiply the monthly
number of bedrooms and bathrooms and other features that cause
total by 12 to compute the annual market rent potential.
rents to vary (e.g., 2 BDM, 1 B, DA, KETTE, vs 2 BDM, 2B, DR, K).
Parts B, C, D and E. Complete these Parts according to the
Use the following symbols:
instructions on the Rent Schedule.
BDM
- Bedroom
LR - Living Room
Part F. Do not complete this Part. The HUD Field Office/lender will
B
- Bath
DR - Dining Room
complete this Part.
K
- Kitchen
DA - Dining Alcove
KETTE - Kitchenette
Parts G and H. Complete these Parts according to the instructions
on the Rent Schedule.
Column 2. Show the number of units for each unit type. Include non-
revenue producing units.
Part I. Do not complete this Part. The HUD Field Office/lender will
complete this part.
form HUD-92458 (11/05)
Previous editions are obsolete
Page 3 of 3
ref Handbook 4350.1
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