Subsidy Layering Trainers: Brandi Fister & Greg Gunn

Summary As we all know, managing one subsidy can be a full time job. What about managing different blends of subsidies? This session will focus on teasing out the differences between various subsidies, including Multifamily/TRACS, S8 Vouchers (HCV or PBV), and Tax Credit. We will focus on satisfying EACH program so that we are compliant in ALL. We will also cover using Rental Assistance accounts to combine the subsidy dollars.

What are Layered Subsidies? Compliance with Different Programs Creating a Dual Subsidy in WinTen2+ from a Waiting List Adding Dual Subsidy to an Existing Tenant Subsequent Certification Processes and Coordination within your Agency Ending Dual Subsidy Situations

Layered Housing Subsidy Occurs when a participant is housed with two (or more) subsidy types. Usually some form of voucher assistance (HCV, PBV, MF, RD) within a unit based project (LIHTC, RD, Market, Mixed Finance) Agencies must track compliance and certifications for ALL subsidies.

Examples of Possible Mixes HCV/PBV into LIHTC RD Market/Mixed Finance MF/TRACS with LIHTC

Compliance Voucher LIHTC Other

New Move-In Process Start at Voucher Waiting List Determine Eligibility (one or two certifications) Pre-Admission Certification (Voucher + RFTA for Subsidy Unit), only One! Finalization Creates Two Move In Certifications Complete Voucher Subsidy: determines Rental Assistance (RA) Complete Unit Subsidy Certification, pull in RA provider and amount, Move Tenant In

Creating Dual Subsidy from a Waiting List (example)

Let’s take a Closer Look From Slides to Winten2+

Adding Dual Subsidy to Existing Tenant Start at Existing Household Screen Start “New Admission/New Program Type” for Voucher Subsidy Completing this Certification determines Rental Assistance (RA) (execute HAP) Complete Unit Subsidy Interim Certification to pull in RA provider and amount

Existing Tenant (new voucher) From Big Actions button on the Household Record, Start New Admission/New Program Type Complete a New Admission for the Voucher Program Upon Finalizing, Update existing Unit Subsidy to reflect Rental Assistance

Let’s take a Look From Slides to Winten2+

What Next? Continuing Processes (Certifications in Pairs) Complete the Tenant Based Subsidy First Then Complete the Unit Based Subsidy

And at The End … Terminating Subsidy & Move Out Terminating Subsidy BUT NOT Tenancy

Want to Go Deeper? Want more in-depth detail on how this plays out in accounting? Did you catch the “Multi-Subsidy Accounting” Wednesday afternoon? Questions from the combined experience?

Any other Questions?

Thank You for Your Time & Attention Trainers: Greg Gunn