Creating and Reporting Subsidy Repayment Agreements 1.5 hours
This advanced class is designed for compliance staff that handle recertification processing within their TRACS compliance software. The group will explore common scenarios that prompt subsidy repayment agreements. The instructor will test participant understanding of how the overpayment occurred and which lease obligation(s) the tenant did not meet, while sharing effective tips to minimize repayments in the future. The group will then practice calculating the balance of overpaid subsidy owed to HUD and determine when these transactions will appear on the voucher.
Next, using a realistic case study, the instructor will show participants how to correctly report various types of repayment transactions on the new repayment agreement schedule of the monthly voucher and how to proceed when terms of the agreement are not upheld by the tenant.