Special Adjustments Checklist

(Document to be submitted as a package to the SHCC Finance Dept.)

(Reference 4350.1 REV-1, Ch.34)

Utilities Increase:

Copies of Bills Reflecting Increase

Certification that property has analyzed rates and requested rates most advantageous to the property

Certification that owner is taking all reasonable actions to ensure that the energy consumption levels and rates are

as low as possible

Insurance Increase:

Copies of Bills Reflecting Increase

Bids on Comparable Policy rates (If Applicable)

Certification that the increased rate is the best rate obtainable by the project

Tax Increase:

Tax Statements

Certification of Tax Review

Tax Appeal Results (if applicable)

Signed copy of Appendix 4-Tax Review and Appeal (if applicable)

General (Due for All Special Adjustments)

HUD – 9833B (Part G –Special Adjustments for Taxes, Insurance, or Utility Cost Increases)

Disclosure of any identity-of-interest situation involving the property

Format for Reporting Unit Turnover

Current balance in Residual Receipts Account (If applicable)

Rent Comparability Study (RCS) (If applicable)