U S Department of Housing and Urban Development

U. S. Department of Housing and Urban Development (HUD) Tenant Rental Assistance Certification System (TRACS) TRACS Security Deposits CHANGES HAS BEEN PUT ON HOLD Jerry Ledbetter Implementation Date: November 12, 2004 1 ADVANCED TECHNOLOGY SYSTEMS

Introduction CHANGES HAS BEEN PUT ON HOLD n n n Revised 4350. 3 Handbook Mandate Current Security Deposit Logic Security Deposits by Subsidy Type and Program Type Revised Discrepancies New Discrepancies 2

Revised 4350. 3 Handbook Changes CHANGES HAS BEEN PUT ON HOLD n Differentiates among Sec 8 program types n Expects a specific security deposit amount depending on program type 3

Current Security Deposit Logic CHANGES HAS BEEN PUT ON HOLD n Uses transaction type and subsidy type to determine if a security deposit is required n Does not differentiate among Section 8 programs n Uses one criterion to determine what security deposit amount is required 4

Security Deposits by Subsidy Type CHANGES HAS BEEN PUT ON HOLD n Section 8 BMIR Rent Supp RAP 202/811 PRACs 202 PACs n Section 236 n n n 5

Security Deposits by Subsidy Type/Program Type CHANGES HAS BEEN PUT ON HOLD All Section 8 Programs: n Program type: 1 = Loan Management (Set-Asides) 3 = New Construction (with AHAP effective before 11/5/79) & (with HAP executed on or after 11/5/79) 5 = New Construction FMHA (RHS 515 with Section 8) 7 = Substantial Rehab (with AHAP effective before 2/20/80) & (with HAP executed on or after 2/20/80) 6

Security Deposits by Subsidy Type/Program Type CHANGES HAS BEEN PUT ON HOLD All Section 8 Programs: n Program type (Cont): 2, 15, 16 = Property Disposition (provided with sale of HUD owned property) 4, 10, 11, 17, 18, 21 = Section 202 (with Section 8 or PAC) 6 = State Agency (with AHAP effective on or after 2/29/80) 9 = State Agency (with HAP executed before 2/29/80) 7

Revised Discrepancies CHANGES HAS BEEN PUT ON HOLD n n CE 131 – Transaction type equals AR or IR – Submitted security deposit equals $0. – “Security Deposit is Now Being Collected. ” – Action Required = 03 CE 252 – Transaction type equals MI, IC, CS, CR – Subsidy type equals 2, 3, 7, 8, 9 – Submitted security deposit is NOT the greater of Total Tenant Payment or $50. 8

New Discrepancies CHANGES HAS BEEN PUT ON HOLD n n CE 258 – Transaction type equals MI, IC, CS, CR – Subsidy type equals 4 or 5 – Submitted security deposit DOES NOT equal Total Tenant Payment CE 259 – Transaction type equals MI, IC, CS, CR – Subsidy type equals 1 – Program type equals 3 – Submitted security deposit DOES NOT equal Total Tenant Payment 9

New Discrepancies CHANGES HAS BEEN PUT ON HOLD n CE 259 (cont) – Transaction type equals MI, IC, CS, CR – Subsidy type equals 1 – Program type equals 5 – Submitted security deposit DOES NOT equal Total Tenant Payment – Program type equals 6 or 9 – Submitted security deposit DOES NOT equal Total Tenant Payment – Program type equals 7 – Submitted security deposit DOES NOT equal Total Tenant Payment 10

New Discrepancies CHANGES HAS BEEN PUT ON HOLD n CE 260 – Transaction type equals MI, IC, CS, CR – Subsidy type equals 1 – Program type equals 3 – Submitted security deposit is NOT equal the greater of Total Tenant Payment or $50 – Program type equals 6 or 9 – Submitted security deposit is NOT equal the greater of Total Tenant Payment or $50 11

New Discrepancies CHANGES HAS BEEN PUT ON HOLD n CE 260 (cont) – Transaction type equals MI, IC, CS, CR – Subsidy type equals 1 – Program type equals 7 – Submitted security deposit is NOT equal the greater of Total Tenant Payment or $50 – Program type equals 2, 4, 10, 11, 15 -18, 21 – Submitted security deposit is NOT equal the greater of Total Tenant Payment or $50 12

New Discrepancies CHANGES HAS BEEN PUT ON HOLD n CE 261 – Transaction type equals MI, IC, CS, CR – Subsidy type equals 1 – Program type equals 1 – Submitted security deposit is greater than Total Tenant Payment 13

TRACS Security Deposits CHANGES HAS BEEN PUT ON HOLD http: //www. hud. gov/offices/hsg/mfh/trxdocs. cfm 14