Presenter: Nicki Scott
A Double Subsidy case arises when a Contract Administrator or TRACS receives a Move In or Initial Certification for a household that is active in another unit (either within the same or a different project). There is no grace period for a household moving from one subsidized property to another; subsidy may not start in a new unit and property until the day after the end of subsidy in the old unit and property. NEAHMA is excited to offer a webinar designed to help Owners and Agents resolve Double Subsidy Issues. This training will highlight the three exceptions to HUD’s Double Subsidy rule as well as provide multiple examples of Double Subsidy cases, including the TRACS error generated by the CA or HUD and the steps needed to resolve the TRACS error and collect payment. Finally, we will highlight best practice recommendations for avoiding Double Subsidy issues when processing applicants for Move In.