In the realm of public and Indian housing, the HUD 52267 form plays a crucial role. It serves as a tool for the U.S. Department of Housing and Urban Development (HUD) to ensure compliance with the Section 6(D) of the U.S. Housing Act. This legislation allows Public Housing Agencies (PHAs) exemptions from real and personal property taxes, employing a formula to determine the operating subsidies for public housing. The form, titled "Computation of Payments in Lieu of Taxes", necessitates meticulous data reporting by PHAs for the fiscal year in question. The extensive data required—ranging from tenant rental revenue to shelter rent charged and collected, utilities expense, and the approximation of full real property taxes—facilitates a transparent and equitable calculation of payments in lieu of taxes (PILOT). These calculations take into account various factors, including payments based not only on shelter rent charged but also collected, and a limitation based on the annual contribution contract, ensuring that PILOT does not disproportionately burden the PHAs. Completing this form is not just a bureaucratic necessity; it is a mandated task, essential for receiving the benefits derived from HUD's operating subsidies and compliance framework. The existence of an approved OMB control number underscores the form’s legitimacy and the government’s strict stance on accurate and honest reporting, warning of prosecution for false claims. As such, this document is indispensable for PHAs aiming to navigate the complexities of real and personal property tax exemptions while securing necessary funding for public housing operations.
| Question | Answer |
|---|---|
| Form Name | Hud 52267 Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | hud 52267, form hud 52267 form, hud form 52267, hud pilot form |
Computation of Payments in Lieu of Taxes
U.S. Department of Housing and Urban Development
Of f ice of Pu b lic a n d I n d ia n H ou sin g
FOR FISCAL YEAR ENDED ____________ |
OMB Appr ov al No. 2577 - 0026 ( Ex p. 10/ 31/ 2009) |
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Public r epor t ing bur den for t he collect ion of infor m at ion is est im at ed t o av er age . 4 hour s. This includes t he t im e for collect ing, r ev iew ing, and r epor t ing t he dat a. The infor m at ion w ill be used for HUD t o ascer t ain com pliance w it h r equir em ent s of Sect ion 6( D) of t he U. S. Housing Act , w hich pr ov ides for PHA ex em pt ions fr om r eal and per sonal pr oper t y t ax es, and inclusion in t he for m ula dat a used t o det er m ine public housing oper at ing subsidies. Response t o t his r equest for infor m at ion is r equir ed in or der t o r eceiv e t he benefit s t o be der iv ed . This agency m ay not collect t his infor m at ion, and y ou ar e not r equir ed t o com plet e t his for m unless it display s a cur r ent ly v alid OMB cont r ol num ber .
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N a m e of Loca l Ag e n cy : |
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Loca t ion : |
Con t r a ct N u m b e r : |
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Pr oj e ct N u m b e r : |
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Pa r t I |
- Com p u t a t ion of Sh e lt e r Re n t Ch a r g e d . |
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1 |
. Tenant Rent al Rev enue ( FDS Line 703) |
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$ ____________________ |
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2 |
. Tenant Rev enue Ot her ( FDS Line 704) |
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_________________ ___ |
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3 |
. Tot a l Re n t a l Ch a r g e d ( Lines 1 & 2) |
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$ _ |
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_ _ ____ |
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4 |
. Ut ilit ies Ex pense ( FDS Line 931 - 939) |
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_______________ |
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5 |
. Shelt er Rent Char ged ( Line 3 m inus Line 4) |
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_ ___ |
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Pa r t I I - Com p u t a t ion of Sh e lt e r Re n t Colle ct e d . |
To be com plet ed only if Cooper at ion Agr eem ent pr ov ides for pay m ent of PI LOT on basis of Shelt er Rent Collect ed. ) |
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1 |
. Shelt er Rent Char ged ( Line 5 of Par t I , abov e) |
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$ _ |
______ |
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2 |
. Add: |
Account s Receiv able - Tenant s ( FDS Lines 12 6, 126 . 1, & 126 . 2) at beginning of fiscal y ear |
________________ |
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3 |
. Less: |
Tenant Bad Debt Ex pense ( FDS Line 964) |
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_________________ |
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4 |
. Less: |
Account s Receiv able - Tenant s ( FDS Lines 12 6, 126 . 1, & 126 . 2) at end of fiscal y ear |
_________________ |
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5 |
. Shelt er Rent Collect ed ( Line 1 plus Line 2 m inus Lines 3 & 4) |
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_ ________________ |
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Pa r t I I I - Com p u t a t ion of Ap p r ox im a t e Fu ll Re a l Pr op e r t y Ta x e s. |
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( 1) Tax ing Dist r ict s |
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( 2) Assessable Value |
( 3) Tax Rat e |
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( 4) Appr ox im at e Full Real Pr oper t y Tax es |
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Tot a l
Pa r t I V - Lim it a t ion Ba se d on An n u a l Con t r ib u t ion . ( To be com plet ed if Cooper at ion Agr eem ent lim it s PI LOT t o an am ount by w hich r eal pr oper t y t ax es ex ceed 20% of annual cont r ibut ion . )
1 |
. Appr ox im at e full r eal pr oper t y t ax es |
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$_________________ |
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. Accr uing annual cont r ibut ion for all pr oj ect s under t he cont r act |
$ __________________ |
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3 |
. Pr or at a shar e of accr uing annual cont r ibut ion* |
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_________ _________ |
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. 20% of accr uing annual cont r ibut ion ( 20% of Line 3 ) |
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__________________ |
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. Appr ox im at e full r eal pr oper t y t ax es less 20 % of accr uing annual |
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cont r ibut ion ( Line 1 m inus Line 4, if Line 4 ex ceeds Line 1, ent er zer o) |
$ __________________ |
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Pa r t V - Pa y m e n t s in Lie u of Ta x e s. |
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1 |
. 10% of shelt er r ent ( 10 % of Line 6 of Par t I or 10% |
of Line 5 of Par t I I , |
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w hichev er is applicable) * * |
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$ _ ________________ |
2 . Pay m ent s in Lieu of Tax es ( I f Par t I V is not applicable, ent er t he am ount |
$ _ __________ ______ |
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show n on Line 1, abov e, or t he t ot al in Par t I ll, w hichev er is t he low er . I f |
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Par t I V is applicable, ent er t he am ount show n on Line 1, abov e, or t he |
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am ount show n on Line 5 of Par t I V, w hichev er is low er . ) |
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* Sam e as Line 2 if t he st at em ent includes all pr oj ect s under t he Annual Cont r ibut ions Cont r act . |
I f t his st at em ent does not include all pr oj ect s under t he Annual |
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Cont r ibut ions Cont r act , ent er pr or at a shar e based upon t he dev elopm ent cost of each pr oj ect , |
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* * I f t he per cent age specified in t he Cooper at ion Agr eem ent or t he Annual Cont r ibut ions Cont r act w it h HUD is low er , such low er percent age shall be used. |
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W a r n in g : HUD w ill pr osecut e false claim s and st at em ent s. |
Conv ict ion m ay r esult in cr im inal and/ or civ il penalt ies ( 18 U. S. C. 1001, 10 10, 1012: 31 U. S. C. 3729, 3802) . |
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Pr e p a r e d By : |
Ap p r ov e d By : |
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Tit le : |
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Tit le : |
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Pr evious Edit ions ar e Obsolet e |
Page 1 of 1 |
for m H U D - 5 2 2 6 7 ( 8/ 2005) |
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