Accounting for Income from Mobile Communications Devices

August 23, 2009

Q At Section 8 sites, what are the HUD guidelines for income generated by mobile communications devices, such as cell phone towers, that are mounted on site buildings?

Q At Section 8 sites, what are the HUD guidelines for income generated by mobile communications devices, such as cell phone towers, that are mounted on site buildings?

A If you look at the budget worksheet, this type of revenue is included under account 5900, Other Revenue, says Bramlet. It is considered nonrental income. You can find how HUD looks at various types of income in Chapter 7 of Handbook 4350.1, which is often referred to as the project-servicing handbook. If your project gets budget-based rent increases, receipt of this nonrental income will reduce the amount of rent the owner is approved to collect through the rental units.

 

Insider Source

Liz Bramlet:Affordable Housing Consultant; (800) 784-1009; liz@lizbramletconsulting.com.

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