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HUD will be transitioning from TRACS 202D to 203A start on August 1, 2017 with full execution by October 31, 2017. If you have not transitioned by November 1, 2017, your TRACS files will no longer be accepted. The biggest change for TRACS 203A is the tracking of Repayment Agreements.
To help with this shift, NHC voucher experts will be examining all payment arrangements submitted, together with your July HAP submission, and providing you with a report of all active repayment arrangements. We will likewise be supplying you with a worksheet to help in your data gathering process. You will be asked to validate this info with NHC before transitioning to TRACS 203A.
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TRACS 203 Market Specification Guide mentions "2. 0.3. A: Repayment Arrangements-- With the preliminary application of TRACS version 2. 0.3. A, OAs must send to HUD, the present status of ALL payment contracts that have been recorded in TRACS when there is still a balance due and renters are currently in residence.
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This includes those Payment Contracts with a Repayment Arrangement Type of N( None)." -For additional information, please examine the TRACS 203A Market Requirements Documents. A couple of interesting products: There is no minimum amount for a payment contract. In the occasion an occupant pays off an amount due immediately, that should be consisted of on the voucher.
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Repayment arrangement info must be verified with your NHC voucher specialist prior to sending your very first TRACS 203A files. If you have questions when your software application will be all set to transition, please call them straight. In case you need to create a repayment arrangement, please refer to Chapter 8-23 of the HUD 4350.
When calculating the amount owed you should use the amount of aid HUD paid verses the quantity of the aid HUD should have paid. Please do not use overall renter payment and utility allowances as part of your estimation.
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