HomeMy WebLinkAbout01-08-20 Correspondence - MDC to Accessible Space Inc - Spring Run Apartments TARA RICE M O N TA N A STEVE BULLOCK
DIRECTOR _ GOVERNOR
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January 8, 2020
Ken Berry, Director of Property Management
Accessible Space Inc
2550 University Ave, Ste 330N
St. Paul, MN 55114
RE: ASI Spring Run Apartments HOME Annual Rental Certification for Calendar Year 2019
Dear Mr. Berry,
As part of the Montana Department of Commerce's annual reporting requirements to the US Department
of Housing & Urban Development, the Community Development Division (CDD) requests a HOME
Investments Partnerships Program (HOME)Annual Rental Certification for each property that has receive
HOME funds. You will find the documents necessary to complete the Certification on the HOME web
page, under Commonly Used Forms at: https://comdev.mt.gov/Programs/HOME/Common Forms.
Please submit completed documents to CDD for calendar year 2019 (January 1—December 31, 2019) by
March 20, 2020. Provide information for the entire year, including tenants who have moved out of the
property during 2019.
Attached is a quick guide for further information and helpful hints for completing your Certification.
Please submit the Annual Rental Certification documents electronically through the File Transfer Service
(http://transfer.mt.gov) addressed to DOCCDDCa@mt.gov or send the hard copy to:
Montana Department of Commerce
Community Development Division—Housing Development
301 S Park Avenue
PO Box 200523
Helena, MT 59620-0523
If you have questions regarding the Annual Rental Certification, please do not hesitate to contact CDD
staff at DOCCDD@mt.gov. We thank you for your continued work providing affordable housing in
Montana.
Sincerely,
Julie Flynn, Housing Development Program Manager
Community Development Division
Cc: Robin Crough, City Clerk, City of Bozeman
COMMERCE.MT.GOV
301 S.PAP,I<AVE. I PO BOX.200523 1 HIELENA,MT 55620-0523 1 P:406.841 2770 1 F:406.841,2771 1 TDO:406.841.2702
HOME Investments Partnership Program
Annual Rental Certification
WHY HUD statute at 24 CFR 92.252(f) requires property owners to annually provide the Montana
Department of Commerce (Commerce) information regarding the rents and occupancy of HOME-assisted
units to demonstrate compliance with affordability requirements. Commerce must review this
information and approve rents every year to ensure compliance.
NOTE: There are some updates in the 2019 calendar year Annual Rental Certification.These updates are
intended to clarify requirements to help make gathering and reviewing the information more efficient.
WHEN The Annual Rental Certification for calendar year 2019 is due to Commerce by March 20,2020.
This Certification will cover the period January 1,2019 through December 31, 2019.
WHAT Please submit the following:
❑ Annual Certification for Rental Housing form ❑ Updated lease IF it has changed in the last
❑ Rent and Occupancy Report year
❑ Project-specific Operating Budget for the ❑ Updated Affirmative Fair Housing
current year Marketing Plan IF it has changed in the last
❑ Project-specific Income Statement and year
Balance Sheet ❑ Updated Tenant Selection Policy IF it has
changed in the last year
Submit the above items via the Transfer Service (https:Htransfer.mt.gov)to DOCCDD@mt gov.
HOW
Common Omissions:
Remember to indicate in question 25 of the Certification where your Fair Housing Poster is located.
Remember to designate which units are High or Low HOME units on Rent and Occupancy Report.
Remember to provide financial statements (Income State and Balance Sheet) for each project in lieu of
your organization's annual audit report. Commerce may request an audit report if further information
is needed.
Helpful Information:
Total Rent=Tenant-Paid Rent+Subsidy+ Utility Allowance.
Total Rent cannot exceed the HUD-published Rent Limits.The Rent Schedule form is not required this year
as there are tables in the Annual Certification for Rental Housing form asking for the rent and utility
schedules for the reporting year.
If not all units in your property are HOME-assisted, you do not need to include the non-HOME-assisted
tenant information on the Rent and Occupancy Report. Feel free to save some time and only report on
the HOME-assisted units.
For projects with five (5) or more HOME-assisted units, at least 20%of the HOME-assisted units must be
designated as Low HOME units; the remaining may be High HOME units.
Remember,Low HOME units are those charging Low HOME rents,which must be occupied by households
with income at or below 50%AM I.
High HOME units are those charging High HOME rents, whose occupants can have household income up
to 80%AM L