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4350.1 REV-1 CHAPTER 7. PROCESSING BUDGETED …

REV-1 . _____. CHAPTER 7. PROCESSING BUDGETED RENT INCREASES. AND FEES FOR COMMERCIAL SPACE AND SERVICES IN. INSURED, DIRECT LOAN AND NON-REGULATED HUD PROJECTS. SECTION 1. OVERVIEW. 7-1. PURPOSE. This CHAPTER provides procedures for PROCESSING BUDGETED rent increases in certain HUD. projects and outlines guidance in the calculation of utility allowances and charges for commercial facilities and services provided in those projects. Included in the CHAPTER are the relevant tenant participation procedures which must be followed in PROCESSING these increases and charges.

income. B. Maximum Allowable Rent Potential. The maximum annual rent the owner may collect by charging the rents authorized by HUD on the Form 92458.

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