Renewals: Eligible owners may request a one year Housing Assistance Payments Contract renewal. Requests must be made at least 75 days prior to Contract expiration. ASSISTANCE CONSIDERATIONS: Formula and Matching Requirements: There are no matching requirements. Assisted families must pay the highest of 30 percent of their monthly adjusted family income, 10 percent of gross family income, or the portion of welfare assistance designated for housing toward rent. Length and Time Phasing of Assistance: Under the Moderate Rehabilitation Program, payments may be made for 180 days. Assistance may be extended for 12 months at a time when an eligible owner requests a Housing Assistance Payments Contract renewal. 401 POST ASSISTANCE REQUIREMENTS: Reports: Supporting Data for Annual Contributions Estimates, HUD Form 52672; Estimate of Total Required Annual Contributions, HUD Form 52673; and Requisition for Partial Payment of Annual Contributions, HUD Form 52663; Voucher for Payment of Annual Contributions and Operating Statement, HUD Form 52681; Balance Sheet for Section 8 and Public Housing, HUD Form 52595; Report on Program Utilization, HUD Form 52683; Family Report, HUD Form 50058. Audits: Periodic fiscal, occupancy, general management and maintenance audits. Records: Those necessary to indicate compliance with Annual Contributions Contract/Housing Assistance Payments Contract. FINANCIAL INFORMATION:
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