Understanding the HUD Utility Allowance: Baseline and Factor-Based

This comprehensive webinar, presented by affordable housing expert Gwen Volk, is designed to help housing professionals understand and accurately implement HUD’s utility allowance requirements. Attendees will learn how to conduct a baseline utility analysis, apply the factor-based analysis in subsequent years, and remain compliant with HUD regulations. Special emphasis will be given to when and how decreases must be phased in, the role of tenant input, and documentation requirements.

Additionally, the course will cover the latest HUD guidance from July 15, 2022, on the Treatment of Solar Community Credits on Tenant Utility Bills and how it impacts the need for a baseline analysis.

Whether you're new to utility allowances or need a refresher, this webinar provides the knowledge and tools needed to confidently manage this key compliance area.

What You Will Learn:

• How HUD’s baseline utility analysis process works

• When a baseline analysis is required and how to conduct one correctly

• How to calculate and apply a factor-based analysis in years two and three

• How and when to phase in utility allowance decreases

• The importance of the tenant comment period and how it applies to both types of analysis

• What HUD expects in terms of documentation and what you are—and are not—required to submit to HUD or the PBCA

• How to assess whether your factor-based analysis is sufficient for compliance

• NEW: The impact of HUD’s 7/15/22 guidance on Solar Community Credits and its effect on utility allowance analyses

This webinar is ideal for property managers, compliance staff, and owners of HUD-assisted properties looking to stay informed and in compliance with utility allowance requirements.

Speaker(s)

Gwen Volk

Gwen Volk has worked in the affordable housing industry since 1983. She has been president and CEO of a Midwest property management company and chief compliance officer over a Dallas firm’s national portfolio. She has a Master’s degree in Business and is a Certified Property Manager through the Institute of Real Estate Management. Gwen holds certifications as a National Affordable Housing Professional – Executive Level, Specialist in Housing Credit Management, Housing Credit Certified Professional, Certified Professional of Occupancy, and in Fair Housing Compliance and has been a servant leader in the AHMAs, NAHMA and IREM throughout her career. Gwen is a nationally recognized expert in the tax credit, bond, HOME, and Section 8 programs and enjoys helping agents, owners, and managers make sense of it all.

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