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Frequently Asked Questions: Methodology for Completing a Multifamily Housing Utility Analysis

FAQs pertaining to the implementation of H 2015-04 (June 22, 2015), which governs methodologies for completing multifamily housing utility allowance analysis.
HUD Utility Allowance
application/pdf
92.82KB

Methodology for Completing a Multifamily Housing Utility Analysis

This notice provides instruction to owners and management agents (O/As) for completing the utility analysis required at the time of the annual or special adjustment of contract rents and when a utility rate change results in a cumulative increase of 10 percent or more from the most recently approved utility allowance. A significant new development, properties undergoing new construction or substantial rehabilitation may establish initial utility allowances for new or rehabilitated units based on analysis completed at underwriting though an energy consumption model, including an HFA-approved utility allowance calculator. This option is based on guidance established by the Internal Revenue Service under Section 42 Utility Allowance Regulations Update. The notice includes expanded options for owners of HUD-assisted properties to do use an energy consumption model
HUD Utility Allowance
application/pdf
243.81KB