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1. The effective date of an initial or updated TC form will always be the first day of the month. If tenant’s move in date is after the 1st of the month,

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Presentation on theme: "1. The effective date of an initial or updated TC form will always be the first day of the month. If tenant’s move in date is after the 1st of the month,"— Presentation transcript:

1 1. The effective date of an initial or updated TC form will always be the first day of the month. If tenant’s move in date is after the 1st of the month, the effective date will be the 1st of the next month. NOTE: Check box indicating type of action. Blocks 2-5: Make sure the information matches the Project Worksheet. Enter appropriate code here.

2 Block next to 13: Enter appropriate code HH member(s) indicating either minor (M), full-time student (F) or disabled (D). Block 14: Enter appropriate code next to tenant or co-tenant if they are elderly (E) or disabled (D). Block 12a: Race Determination Code – see codes below. Blocks 7-12: SSN, Name, Sex, Date of Birth, Race and Ethnicity of each person(s) living in complex. For Race and Ethnicity codes, see box in lower left hand corner. NOTE: If any HH member does not have a SSN but is eligible for housing, complete field with all zeros or use the Alien Registration Number. MINC will assign a fictitious number. When transmitting a recertification, the assigned MINC number must be used. NOTE: Foster children are not considered HH members so should not be included. Block 8a: Enter number of foster children who will reside in the unit.

3 Block 17: Enter actual income received from assets (see Chapter 6, 6
Block 17: Enter actual income received from assets (see Chapter 6, 6.10 on calculating cash value of an asset). Block 15: Enter all net family assets, even if less than $5,000 (see Chapter 6, Att. 6-D, Family Assets). Block 16: Passbook Savings Rate is .06% (.0006).

4 Block 19a: $480/minor, full-time student or person w/disability who is not the tenant or co-tenant.
Block 18a: Enter total annual income, not monthly amount. Third party verification must be obtained. Block 19b: $400 per elderly or disabled HH. Block 18b: Make sure to include per percentage of annual increase in calculations. Block 18a-f: See Chapter 6, Att 6-A, Annual Income Inclusions and Exclusions. Block 18g: Rural Development will not accept a TC with zero income unless all income is specifically exempted. See Chapter 6, Att 6-A for exempted income. Block 19c: If medical expenses are less than 3% of annual income (Line 18f), enter zero. If they exceed 3%, enter only the amount over 3% (i.e., medical expense is $5,000; 3% of annual income is $2,000; enter $3,000). Block 19a-d: See Chapter 6, Att 6-C, Allowable Deductions.

5 Block 23: Date tenant physically moved into unit.
Both Tenant and Co-Tenant must sign and date. Date must be on or before effective date of TC. Blocks 22 & 24: Based on Adjusted Income Limits (posted to our website). Available codes: VL = Very Low; L = Low; M = Moderate and A = Above Moderate.

6 Block 27: If this is applicable, it will be the amount HH actually receives from the Public Assistance Agency for shelter. NOTE: Always 0 in MO. Be sure to complete this section. Block 29: Enter approved Basic Rent from the Project Worksheet. NOTE: If utilities are included in rent, enter zero. Block 30: Enter approved Note Rent from the Project Worksheet. Part VIII: Mark appropriate box.

7 Block 31: Be sure to complete this section based on what box is marked in Part VIII.
Block 32: From Project Worksheet. Block 33: Block 31 minus Block 32. NOTE: Tenant or Co-Tenant must be disabled or elderly to live in an elderly complex. NOTE: If HH is income ineligible, a waiver from the Agency must be obtained in most cases. NOTE: waivers CANNOT be issued for age ineligible tenants.


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