Hud Form 92458 PDF Details

Navigating the complexities of affordable housing management requires a keen understanding of various regulatory documents, one of which is the HUD 92458 form, also known as the Rent Schedule for Low Rent Housing. This essential document serves multiple functions within the U.S. Department of Housing and Urban Development's framework, ensuring that project owners do not overcharge tenants and that rent levels are compliant with approved standards. The form encompasses detailed sections pertaining to apartment rents, including both contract and market rents, utility allowances for certain projects, equipment and furnishings included in rent, and additional charges that may come into play. Further sections address non-revenue producing space, commercial space, and the maximum allowable rent potential, ensuring comprehensive oversight of financial aspects related to housing projects. Crucially, the form requires information on the mortgagor entity and includes a section for owner certification, affirming the accuracy of the provided information under penalty of law. With the requirement for project owners to submit this form when requesting rent adjustments, and its role in facilitating HUD's enforcement of rent regulations, the HUD 92458 form is a cornerstone document that supports transparency and compliance in the realm of affordable housing.

QuestionAnswer
Form NameHud Form 92458
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other names Flat Rent Guidance - HUD.gov / U.S. Department of Housing and ...

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Rent Schedule Low Rent Housing

U.S. Department of Housing

OMB Approval No. 2502-0012

and Urban Development

(exp. 11/30/2020)

Office of Housing

 

Federal Housing Commissioner

 

See page 3 for Instructions, Public Burden Statement and Privacy Act requirements.

Project Name

FHA Project Number

Date Rents Will Be Effective (mm/DD/yyyy)

Part A – Apartment Rents

Show the actual rents you intend to charge, even if the total of these rents is less than the Maximum Allowable Monthly Rent Potential.

Col. 1

 

Contract Rents

Col. 5

 

Market Rents

Unit Type

 

Utility

 

(Sec. 236 Projects Only)

 

 

 

 

 

 

 

 

 

 

Allowances

Col. 6

 

 

Col. 8

 

 

 

 

Col. 4

 

 

(Include Non-revenue

Col. 2

 

 

Monthly

 

Gross Rent

Col. 7

 

Monthly

Producing Units)

Number

Col. 3

 

Contract Rent

(Effective Date

(Col. 3 + Col. 5)

Rent

 

Market Rent

 

of Units

Rent Per Unit

 

Potential

(mm/dd/yyyy)

 

Per Unit

 

Potential

 

 

 

 

(Col. 2 x Col. 3)

___ / ___ / _____

 

 

 

(Col. 2 x Col. 7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Monthly Contract Rent Potential

 

 

Monthly Market Rent Potential

 

 

(Add Col. 4)*

 

 

 

(Add Col. 8)*

 

Total Units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yearly Contract Rent Potential

 

 

Yearly Market Rent Potential

 

 

(Col. 4 Sum x 12)*

 

 

 

(Col. 8 Sum x 12)*

 

 

 

 

 

 

 

 

 

 

 

*These amounts may not exceed the Maximum Allowable Monthly Rent Potential approved on the last Rent Computation Worksheet or requested on the Worksheet you are now submitting. Market Rent Potential applies only To Section 236 Projects.

Part B – Items Included in Rent

 

 

Part D – Non-Revenue Producing Space

 

 

 

 

 

 

 

 

Equipment/Furnishings in Unit (Check those included in rent.)

 

 

 

 

Range

Dishwasher

__________________

 

Col. 1

Col. 2

 

Col. 3

 

Use

Unit Type

 

Contract Rent

Refrigerator

Carpet

__________________

 

 

 

 

 

 

 

Air Conditioner

Drapes

__________________

 

 

 

 

 

 

 

 

 

 

Disposal

________________

__________________

 

 

 

 

 

 

 

 

 

 

Utilities (Check those included in rent. For each item, (even those not

 

 

 

 

included in rent), enter E, F, or G on line beside that item)

 

 

 

 

 

 

 

 

 

 

E=electric; G=gas; F=fuel oil or coal.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Heating ________

Hot Water _______

Lights, etc. _________

 

Total Rent Loss Due to Non-Revenue Units

 

$

Cooling ________

Cooking ________

__________________ Part E – Commercial Space (retail, offices, garages, etc.)

 

 

 

 

 

 

 

Col. 4

Services/Facilities (check those included in rent)

 

 

Col. 1

Col. 2

Col. 3

Rental Rate

 

 

 

 

Monthly Rent

Square

Per Sq. Ft.

Parking

________________

Nursing Care

Use

Potential

Footage

(Col. 2 divided by

 

 

 

Col. 3)

Laundry

________________

Linen/Maid Service

 

 

 

 

 

 

 

 

 

 

Swimming Pool

________________

__________________

 

 

 

 

 

 

 

 

 

 

Tennis Courts

________________

__________________

 

 

 

 

 

 

 

 

 

 

Part C – Charges in Addition to Rent (e.g., parking, cable TV, meals)

Purpose

Monthly Charge

 

 

 

 

 

 

 

 

 

$

 

 

Total Commercial Rent

 

$

 

$

Potential

 

$

Part F – Maximum Allowable Rent Potential

 

 

$

Enter Maximum Allowable Monthly Rent

 

 

$

$

 

Potential From Rent Computation

 

$

 

 

Worksheet (to be completed by HUD or lender)

Previous editions are obsolete

Page 1 of 3

form HUD-92458 (11/05)

ref Handbook 4350.1

 

Part G – Information on Mortgagor Entity

Name of Entity

Type of Entity

 

 

 

Individual

General Partnership

Joint Tenancy/Tenants in Common

Other (specify)

Corporation

Limited Partnership

Trust

 

List all Principals Comprising Mortgagor Entity: provide name and title of each principal. Use extra sheets, if needed. If mortgagor is a:

corporation, list: (1) all officers; (2) all directors; and (3) each stockholder having a 10% or more interest.

partnership, list: (1) all general partners; and (2) limited partners having a 25% or more interest in the partnership.

trust, list: (1) all managers, directors or trustees and (2) each beneficiary having at least a 10% beneficial interest in the trust.

Name and Title

Name and Title

Name and Title

Name and Title

Name and Title

Name and Title

Name and Title

Name and Title

Name and Title

Name and Title

Name and Title

Part H – Owner Certification

To the best of my knowledge, all the information stated herein, as well as any information provided in the accompaniment herewith, is true and accurate. Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802)

Name and Title

Authorized Official's Signature

Date (mm/dd/yyyy)

Part I – HUD/Lender Approval

Addendum Number

Branch Chief/Lender Official Signature

HAP Contract Number

Date (mm/dd/yyyy)

Exhibit Number

Director, Housing Management Division Signature

Loan Servicer Signature

Date (mm/dd/yyyy)

Date (mm/dd/yyyy)

Previous editions are obsolete

Page 2 of 3

form HUD-92458 (11/05)

ref Handbook 4350.1

 

Public reporting burden for this collection of information is estimated to average 20 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.

This collection of information is authorized under Section 207 of the National Housing Act. The information is necessary for the Department to ensure that project owners are not overcharging their tenants and to ensure that the rent levels approved by the Department are not exceeded. The Department uses this information to enforce rent regulations which otherwise would be difficult because there would be no clear record of the rents and charges that the Department had approved. In addition, the Department needs to periodically collect information regarding project principals, so unauthorized participation by previously excluded or otherwise undesirable owners can be detected. This information is required to obtain benefits. HUD may disclose certain information to Federal, State, and local agencies when relevant to civil, criminal, or regulatory investigations and prosecutions. It will not be otherwise disclosed or released outside of HUD, except as required and permitted by law.

Instructions

All project owners must submit the form HUD-92458 when request- ing an adjustment to project rents. HUD establishes and approves rental charges and utility allowances on the Form. The owner is responsible for notifying tenants of the approved rents.

General. For projects with fully-insured or HUD-held mortgages, the owner/agent submits this Form to the HUD Field Office. For projects with coinsured mortgages, the owner/agent submits this Form to the lender.

Part A. If the monthly rent potential you are proposing is less than or equal to the Maximum Allowable Monthly Rent Potential approved by HUD/lender on your original Rent Formula or on your most recent Rent Computation Worksheet, complete all of Part A according to the instructions below. If the monthly rent potential you are requesting exceeds the Maximum Allowable Monthly Rent Potential approved by HUD/lender on your original Rent Formula or on your most recent Rent Computation Worksheet, complete only Columns 1 and 2 according to the instructions below. Show your proposed rents and monthly rent potential in the cover letter transmitting your rent increase request.

Column 1. Show each type of unit for which rents will vary. Show the number of bedrooms and bathrooms and other features that cause rents to vary (e.g., 2 BDM, 1 B, DA, KETTE, vs 2 BDM, 2B, DR, K). Use the following symbols:

BDM

- Bedroom

LR - Living Room

B

- Bath

DR - Dining Room

K

- Kitchen

DA - Dining Alcove

KETTE - Kitchenette

Column 2. Show the number of units for each unit type. Include non- revenue producing units.

Column 3. For unsubsidized projects, show the rent you intend to charge for each unit type. For subsidized projects, show the contract rent (as defined in HUD Handbook 4350.3) for each unit type.

Column 4. For each line, multiply the contract rent in Column 3 by the number of units in Column 4. Add monthly contract rent potentials for each unit size to compute the total monthly contract rent potential. Multiply the monthly total by 12 to compute the annual contract rent potential.

Columns 5 and 6. Complete the Columns only if the project has a subsidy contract with HUD and some utilities are not included in the rent. In Column 5, show the utility allowance for each unit type. Compute the gross rent for each unit type by adding the contract rent in Column 3 and the utility allowance in Column 5. Show this amount in Column 6.

Columns 7 and 8. Complete these Columns only if the project is receiving Section 236 Interest Reduction Payments. In Column 7, show the market rent for each unit type. In Column 8, for each line multiply the market rent in Column 7 by the number of units in Column

2.Add the monthly market rent potentials for each unit size to compute the total monthly market rent potential. Multiply the monthly total by 12 to compute the annual market rent potential.

Parts B, C, D and E. Complete these Parts according to the instructions on the Rent Schedule.

Part F. Do not complete this Part. The HUD Field Office/lender will complete this Part.

Parts G and H. Complete these Parts according to the instructions on the Rent Schedule.

Part I. Do not complete this Part. The HUD Field Office/lender will complete this part.

Previous editions are obsolete

Page 3 of 3

form HUD-92458 (11/05)

ref Handbook 4350.1

 

How to Edit Hud Form 92458 Online for Free

It's a breeze to complete the Hud Form 92458. Our PDF tool was designed to be easy-to-use and allow you to fill out any PDF efficiently. These are the basic steps to go through:

Step 1: Locate the button "Get Form Here" and press it.

Step 2: It's now possible to edit the Hud Form 92458. The multifunctional toolbar permits you to add, delete, change, and highlight content or perform other sorts of commands.

If you want to complete the Hud Form 92458 PDF, enter the content for all of the sections:

portion of fields in Hud Form 92458

Complete the Total Units, Yearly Contract Rent Potential Col, Yearly Market Rent Potential Col, These amounts may not exceed the, Worksheet you are now submitting, Part B Items Included in Rent, Part D NonRevenue Producing Space, Range Refrigerator Air Conditioner, Dishwasher Carpet Drapes, Utilities Check those included in, Col Use, Col Unit Type, Col Contract Rent, Heating Cooling, and Hot Water Cooking section with all the details asked by the application.

Finishing Hud Form 92458 stage 2

The system will request for more info to automatically prepare the area Total Commercial Rent Potential, Part F Maximum Allowable Rent, Enter Maximum Allowable Monthly, Previous editions are obsolete, Page of, and form HUD ref Handbook.

Filling out Hud Form 92458 step 3

Indicate the rights and obligations of the parties within the part Part G Information on Mortgagor, Name of Entity, Type of Entity, Individual, Corporation, General Partnership, Joint TenancyTenants in Common, Other specify, Limited Partnership, Trust, List all Principals Comprising, Name and Title, Name and Title, Name and Title, and Name and Title.

Finishing Hud Form 92458 part 4

Finalize by looking at these fields and writing the pertinent information: Name and Title, Name and Title, Name and Title, Name and Title, Name and Title, Name and Title, Name and Title, and Part H Owner Certification.

step 5 to entering details in Hud Form 92458

Step 3: Press the Done button to save the document. So now it is readily available for export to your gadget.

Step 4: It may be simpler to save duplicates of the form. You can be sure that we are not going to disclose or check out your information.

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