Each month, we process the data we receive from you; the property managers and electronically submit it to the iMAX.
(This is the information HUD uses to determine the amount of the rent supplements due to HUD housing project owners.)
In addition to the electronic submission to HUD, we send project owners a printed copy of the HUD Form 52670 report. This provides the details of payments made by HUD for each unit. Once HUD has approved the payments, they send the money directly to the project owners as per their instructions. Project owners are responsible for submitting accurate and timely information to us, but they do not need to invest in expensive computer equipment and complicated filing software. All TRACS Data, provides HUD project owners a very simple and easy way to file TRACS report.
Important information needed when filling out your 50059 forms: Read more...