How To Process a Global Rent Change for Section 8/50059 Properties
NAVIGATION: UTILITIES menu > Global Rent Calculation Update
- Select the appropriate Area Number
- Select the appropriate Community Number
- Remove any check marks under Size Selection that are not applicable for the Gross Rent Change. The system defaults to all bedroom sizes checked.
- When the process is run, tenants residing in the selected Area/Community numbers with the checked bedroom sizes will have their Effective Date, Action, Rent Calculation and 50059 forms updated for the Gross Rent Change.
- Change/update the Contract Rents and/or New Construction Market Rents for each bedroom size if applicable
- NOTE: If the Gross Rent Change is for new Utility Allowances, users will have to update the Utility Allowance Tables and assure that they are tied to each unit.
- Enter the Effective Date of the Gross Rent change
- This will update the applicable tenant records with the Gross Rent information with this Effective Date
- PLEASE NOTE: Any tenant with an effective date that is later than the Gross Rent change effective date will not be changed
- Press PROCESS
- The Print dialog box will be shown and all generated Gross Rent 50059s can be printed.
- Review each tenant's account.
- Tenant's with an Effective Date that is later than the Gross Rent change should be updated with the correct Rent Calculation and 50059 and resent if applicable.
2/2022