2. Subsidy Layering
Trainers: Brandi Fister & Greg Gunn

3. 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.

4. 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

5. 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.

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

7. Compliance
Voucher
LIHTC
Other

8. 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

9. Creating Dual Subsidy from a Waiting List (example)

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

11. 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

12. 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

13. Let’s take a Look
From Slides to Winten2+

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

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

16. 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?

17. Any other Questions?

18. Thank You for Your Time & Attention
Trainers: Greg Gunn