# Presentation: 531182

## U.S. Department of Housing and Urban

- A D V A N C E D    T E C H N O L O G Y    S Y S T E M S

**U.S. Department of Housing and Urban**
** ****Development (HUD)**
- Tenant Rental Assistance Certification System (TRACS)
** *****TRACS Security Deposits***** **
**CHANGES HAS BEEN PUT ON HOLD**
***Jerry Ledbetter***
**Implementation Date: November 12, 2004**

## IntroductionCHANGES HAS BEEN PUT ON HOLD

- Revised 4350.3 Handbook Mandate
- Current Security Deposit Logic
- Security Deposits by Subsidy Type
- Security Deposits by Subsidy Type and Program Type
- Revised Discrepancies
- New Discrepancies

## Revised 4350.3 Handbook ChangesCHANGES HAS BEEN PUT ON HOLD

- Differentiates among Sec 8 program types
- Expects a specific security deposit amount depending on program type

## Current Security Deposit LogicCHANGES HAS BEEN PUT ON HOLD

- Uses transaction type and subsidy type to determine if a security deposit is required
- Does not differentiate among Section 8 programs
- Uses one criterion to determine what security deposit amount is required

## Security Deposits by Subsidy TypeCHANGES HAS BEEN PUT ON HOLD

- Section 8
- BMIR
- Rent Supp
- RAP
- 202/811 PRACs
- 202 PACs
- Section 236

## Security Deposits by Subsidy Type/Program TypeCHANGES HAS BEEN PUT ON HOLD

- All Section 8 Programs:
- Program type:
- 	1 = Loan Management (Set-Asides)
- 	3 = New Construction (with AHAP effective before 11/5/79) & (with HAP executed on or after 11/5/79)
- 	5 = New Construction FMHA (RHS 515 with Section 8)
- 	7 = Substantial Rehab (with AHAP effective before 2/20/80) & (with HAP executed on or after 2/20/80)

## Security Deposits by Subsidy Type/Program TypeCHANGES HAS BEEN PUT ON HOLD

- All Section 8 Programs:
- Program type (Cont):
- 	2, 15,16 = Property Disposition (provided with sale of HUD owned property)
- 	4,10,11,17,18,21 = Section 202 (with Section 8 or PAC)
- 	6 = State Agency (with AHAP effective on or after 2/29/80)
- 	9 = State Agency (with HAP executed before 2/29/80)

## Revised DiscrepanciesCHANGES HAS BEEN PUT ON HOLD

- CE131
- Transaction type equals AR or IR
- Submitted security deposit equals $0.
- “Security Deposit is Now Being    Collected.”
- Action Required = 03
- CE252
- Transaction type equals MI, IC, CS, CR
- Subsidy type equals 2, 3, 7, 8, 9
- Submitted security deposit is NOT the greater of Total Tenant Payment or $50.

**Notes:**
Two   of   the   current   discrepancies   have   been   revised.

CE131 
Will    now   be  generated   if   the   security   deposit   amount submitted   with   an:
	-  annual  recertification, or 
	-  interim certification 
               is    $0.	 

CE252
Will be generated for a: 
	-  Rent Supp
	-  RAP
	-  202 or 811 PRAC
	-  202 PAC
 if the security deposit amount submitted 

## New DiscrepanciesCHANGES HAS BEEN PUT ON HOLD

- CE258
- Transaction type equals MI, IC, CS, CR
- Subsidy type equals 4 or 5
- Submitted security deposit DOES NOT equal Total Tenant Payment
- CE259
- Transaction type equals MI, IC, CS, CR
- Subsidy type equals 1
- Program type equals 3
- Submitted security deposit DOES NOT equal Total Tenant Payment

## New Discrepancies CHANGES HAS BEEN PUT ON HOLD

- CE259 (cont)
- Transaction type equals MI, IC, CS, CR
- Subsidy type equals 1
- Program type equals 5
- Submitted security deposit DOES NOT equal Total Tenant Payment
- Program type equals 6 or 9
- Submitted security deposit DOES NOT equal Total Tenant Payment
- Program type equals 7
- Submitted security deposit DOES NOT equal Total Tenant Payment

## New DiscrepanciesCHANGES HAS BEEN PUT ON HOLD

- CE260
- Transaction type equals MI, IC, CS, CR
- Subsidy type equals 1
- Program type equals 3
- Submitted security deposit is NOT equal the greater of Total Tenant Payment or $50
- Program type equals 6 or 9
- Submitted security deposit is NOT equal the greater of Total Tenant Payment or $50

## CE260 (cont)
Transaction type equals MI, IC, CS, CR
Subsidy type equals 1
Program type equals 7 
Submitted security deposit is NOT equal the greater of Total Tenant Payment or $50
Program type equals 2, 4, 10, 11, 15-18, 21
Submitted security deposit is NOT equal the greater of Total Tenant Payment or $50

- Transaction type equals MI, IC, CS, CR
- Subsidy type equals 1
- Program type equals 7
- Submitted security deposit is NOT equal the greater of Total Tenant Payment or $50
- Program type equals 2, 4, 10, 11, 15-18, 21
- Submitted security deposit is NOT equal the greater of Total Tenant Payment or $50

**New Discrepancies****CHANGES HAS BEEN PUT ON HOLD**

## CE261      
Transaction type equals MI, IC, CS, CR 
Subsidy type equals 1
Program type equals 1
Submitted security deposit is greater than Total Tenant Payment

- Transaction type equals MI, IC, CS, CR
- Subsidy type equals 1
- Program type equals 1
- Submitted security deposit is greater than Total Tenant Payment

**New Discrepancies****CHANGES HAS BEEN PUT ON HOLD**

## http://www.hud.gov/offices/hsg/mfh/trx/trxdocs.cfm

**TRACS Security Deposits****CHANGES HAS BEEN PUT ON HOLD**