Transcription of 4350.1 REV-1 CHAPTER 7. PROCESSING BUDGETED …
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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. In preparing the procedures in this CHAPTER , HUD's prime interest is in promoting the efficient management and continued financial viability of its projects. In reviewing requests from owners concerning rents and charges, the Field Office should be guided by the fact that these rents and fees should and must provide sufficient and adequate funding to operate the projects.
4350.1 rev-1 _____ chapter 7. processing budgeted rent increases and fees for commercial space and services in
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