Form HUD-53087 Calculation of Subsidies for Operations

U.S. Department of Housing
and Urban Development
Office of Public and Indian Housing

Calculation of Subsidies
for Operations
Non-Rental Housing

OMB Approval No. 2577-0029 (exp. 10/31/2008)

1. Name and Address of Public Housing Agency (PHA)

2. Type of HUD-Assisted Project(s)
PHA-Owned Turnkey III
4. ACC Number

PHA-Owned Mutual Help Homeownership

5. Operating Fund
Project No.(11 Digits)

6. No. of Dwelling
Units

7. Unit Months
Available (UMA)

Line
No.
Description
Part I. PHA-Owned Turnkey III Homeownership
01
02
03
04
05
06
07
08
09
10
11

3. Type of Submission
Original
Revision No.
8. Fiscal Year Ending:
9. DUNS Number

PHA Request
Modified by HUD
(In whole dollars)

Enter Break-even amount deficit (line 050 of form HUD-52564; if line 050 is not a deficit, do not
submit this form; the HA is not entitled to an operating subsidy)
Enter operating expense amount (line 010 of form HUD-52564)
Enter the lesser of line 01 or line 02 disregarding parentheses
Excess Utilities (line 080 of form HUD-52564)
Nondwelling Rentals (line 090 of form HUD-52564)
Interest on General Fund Investments (line 110 of form HUD-52564)
Other Operating Receipts (line 120 of form HUD-52564)
Total Other Income (sum of lines 04 thru 07)
Operating Subsidy Eligibility before adjustments (line 03 minus line 08). If line 08 is greater than
line 03, enter 0 and do not submit this form.
Unfunded eligibility due to proration, if applicable
Other adjustments to eligibility (specify)

12
Operating subsidy approvable for subject fiscal year (total of lines 09 thru 11)
HUD Use Only
13
Amount of operating subsidy approvable for subject fiscal year not funded
14
Amount of funds obligated in excess of operating subsidy approvable for subject fiscal year
15
Funds obligated in subject fiscal year (total of lines 12 thru 14; Must be the same as line 690 of
form HUD-52564 for the subject fiscal year)
Part II. PHA-Owned Mutual Help Homeownership
01
Actual cost of Independent Audit (IA)
02
Administration charge for vacant units
03
Collection losses for vacated homebuyers with terminated MHO Agreements
04
Cost of homebuyer counseling program
05
Cost of training and related travel of PHA staff and commissioners
06
Cost of professional management contract
07
Operating costs-unusual circumstances
08
Operating subsidy eligibility before adjustments (total of lines 01 thru 07)
09
Unfunded eligibility due to proration, if applicable
10
Other adjustments to eligibility (specify)
11
Operating subsidy approvable for subject fiscal year (total of lines 08 thru 10)
HUD Use Only
12
Amount of operating subsidy approvable for subject fiscal year not funded
13
Amount of funds obligated in excess of operating subsidy approvable for subject fiscal year
14
Funds obligated in subject fiscal year (total of lines 11 thru 13; Must be the same as line 690 of
form HUD-52564 for the subject fiscal year)

I hereby certify that all the information stated herein, as well as any information provided in the accompaniment herewith, is true and accurate.
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802)

Signature of Authorized HA Representative & Date:

Signature of Authorized Field Office Representative & Date:

X

X

Previous edition is obsolete for PHA Fiscal Years
beginning 1/1/2004 and thereafter

Page 1

form HUD-53087 (1/2001)

Public Reporting Burden for this collection of information is estimated to average 2.5 hours per response, including the time for reviewing instructions, searching existing data
sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding this burden estimate or any other
aspect of this collection of information, including suggestions for reducing this burden, to the Reports Management Officer, Office of Information Policies and Systems, U.S.
Department of Housing and Urban Development, Washington, D.C. 20410-3600 and to the Office of Management and Budget, Paperwork Reduction Project (2577-0074),
Washington, D.C. 20503. Do not send this completed form to either of the above addresses.

Instructions
Line 09. Use only when operating subsidy eligibility is prorated. Enter the
unfunded portion (100 percent minus the applicable percentage) of the
subject year’s eligibility, line 08. If, however, line 08 is operating subsidy
eligibility for IA costs only, do not make an entry on this line.

Form HUD-53087, Calculation of Subsidies for Operations, Non-Rental
Projects, must be used for the following public housing programs: (1) PHAowned Turnkey III Homeownership Opportunity Program; and (2) Public
Housing Authority (PHA)-Owned Mutual Help Homeownership Opportunity
Program. A separate form must be submitted for each of the above
programs and for each Annual Contributions Contract (ACC) which
includes one or more projects under one of the above programs which will
be in operation for all or part of the requested budget year. This form must
be prepared and submitted to the appropriate HUD Field Office with the
form HUD-52564, Operating Budget, and will represent the source
document authorizing payment of Operating Subsidy.

Line 10. Enter any other adjustments that will be effected during the
subject fiscal year and specify the purpose of each adjustment. Enter an
adjustment owed HUD (downward adjustment) in brackets.
Line 11. Enter the total of lines 08 thru 10. (Add amounts shown without
brackets and subtract amounts shown with brackets).
Line 12. Enter the amount, if any, of operating subsidy approvable for the
subject fiscal year (line 11) which is not funded (obligated) at this time
(e.g., because sufficient funds have not been subassigned to the Field
Office).

Heading. In the spaces provided, enter the following information: (1) the
name and address of the PHA, (2) type of HUD-assisted project; (3) type of
submission, original or revision; (4) the ACC number; (5) the project
number applicable to the corresponding Operating Budget, form HUD52564. (See paragraph 2 of the Instructions for form HUD-52721, Direct
Disbursement Payment Schedule Data.); (6) the total number of units in
the project(s); (7) the number of unit months of availability during the
requested budget year; (8) the fiscal year ending date of the requested
budget year; and the (9) Dunn & Bradstreet Unique Numbering System
identification number.

Line 13. Enter the amount, if any, of operating subsidy funds obligated in
an Operating Budget or letter of intent in excess of the amount approvable
for the subject fiscal year (line 11) which cannot be deobligated at this time
(e.g., because they have already been paid).
Line 14. Total of lines 11 thru 13. (Add amounts shown without brackets
and subtract amounts shown with brackets.) The amount entered on this
line must be the same as the amount obligated in the corresponding
Operating Budget form HUD-52564 (or letter of intent, when approved by
HUD Headquarters).

Part I - PHA-Owned Turnkey III Homeownership. Complete Part I only if
the form is being submitted for PHA-Owned Turnkey III Homeownership
Opportunity Projects.
Line 01 thru 09. Self explanatory.

Signature & Submission of Form HUD-53087. Sign the original form
and submit to the Field Office for approval in conjunction with the form
HUD-52564.

Line 10. Use only when operating subsidy eligibility is prorated. Enter the
unfunded portion (100 percent minus the applicable percentage) of the
subject year’s eligibility (line 09).
Line 11. Enter other adjustments that will be effected during the subject
fiscal year and specify the purpose of each adjustment. Enter an
adjustment owed HUD (downward adjustment) in brackets.
Line 12. Enter the total of lines 09 thru 11. (Add amounts shown without
brackets and subtract amounts shown with brackets.)
Line 13. Enter the amount, if any, of operating subsidy approvable for the
subject fiscal year (line 12), which is not being funded (obligated) at the
time (e.g., because sufficient funds have not been assigned to the Field
Office).
Line 14. Enter the amount, if any, of operating subsidy funds obligated in
an Operating Budget or letter of intent in excess of the amount approvable
for the subject fiscal year (line 12) which cannot be deobligated at this time
(e.g., because they have already been paid).
Line 15. Total of lines 12 thru 14. (Add amounts shown without brackets
and subtract amounts shown with brackets.) The amount entered on this
line must be the same as the amount obligated in the corresponding
Operating Budget form HUD-52564 (or letter of intent, when approved by
HUD Headquarters).
Part II - PHA-Owned Mutual Help Homeownership. Complete Part II
only if the form is being submitted for PHA-Owned Mutual Help
Homeownership Opportunity Projects.
Line 01 thru 07. Enter eligible costs for which operating subsidy is being
requested. Operating subsidy for Collection Losses (line 03) is available
only after the PHA has used all available homebuyer credits of the
terminated homebuyer. Operating costs resulting from unusual
circumstances (line 07) must be approved in advance by HUD prior to
payment of operating subsidy.
Line 08. Self explanatory.

Previous edition is obsolete for PHA Fiscal Years
beginning 1/1/2004 and thereafter

Page i

form HUD-53087 (1/2001)