After the forms are submitted OHCD will conduct a Housing Quality Standards inspection as soon as possible usually within 10 to 15 days. If the unit passes inspection OHCD will enter into a contract with the landlord. The landlord and tenant enter into a lease contract and supply a copy to OHCD. The beginning date of the lease must coincide with the beginning date of the Housing Assistance Payment (HAP) Contract. After submission of the signed contract and a copy of the signed lease HAP payments will be mailed to the landlord.
MANUFACTURERED HOUSE SPACE (FMR's) - HCVP- Effective Dec. 1, 2012 Space Rent -PS (The FMR for a manufactured home space is generally 40 percent of the published FMR for a two-bedroom unit) 615
OHCD must approve the contract rent for the unit. The payment standard includes rent and utilities. Prince William County's payment standards are set at 10 percent above the Fair Market Rent (FMR) established by the local HUD office.
IRS Publication 527 Residential Rental Property www.irs.gov or 800-829-3676Becoming a Landlord by Fannie Mae. Available through the Consumer Resource Center 800-732-6643. Training classes are available in selected cities: www.fanniemae.comEvery Landlord's Legal Guide by Nolo Press www.nolo.com 800-992-6656American Association of Small Property Owners aaspo.org 202-625-8330National Real Estate Investors Association www.nationalreia.com 888-762-7342