Educational Seminar: Basic Occupancy

Course Description

This hands-on course will walk you through the HUD Handbook 4350.3, as well as recent HUD Notices and Federal Register releases. It is designed for personnel that have a limited understanding of the HUD 4350.3 Handbook or those simply needing a refresher course on the basics. This training will provide explanation of terms and guidance on how to find information using the handbook.

Introduction

Basic Overview of HUD and the 4350.3

Eligibility Requirements

  • Program Eligibility
  • Project Eligibility

Application Process

  • Accepting Applications
  • Waiting List
  • Applicant Screening
  • Rejection of Applicants

Assets

  • Asset Inclusions and Exclusions
  • Valuing Assets
  • Income From Assets
  • Divested Assets

Income

  • Income Inclusions and Exclusions
  • Whose Income is Counted?
  • Annualizing Income

Allowances

  • What are the Allowances?
  • Adjusted Income
  • Calculating Rents

Annual Re-Certifications

  • Procedures for Processing
  • Timeline
  • Effective Dates

Interim Adjustments

  • What Must be Reported?
  • What May be Reported?
  • Effective Dates

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