Form 10.2 (Example)
This is an example of form 10.2 only. Do
not use this form. The original form 10.2 can be accessed at:
https://hudapps.hud.gov/HUD_Systems/
OAHP Reduction of Rent and Section 8 Contract Renewal Justification
Property Operating Statement
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Annual Revenue |
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Pre-Restructuring as of FY ending ??/??/???? |
Post-Restructuring As of ??/??/???? |
System-Generated Difference | ||||||||||||||||||
| Project Total | /Unit /Annum | /Unit /Month | Project Total | /Unit /Annum | /Unit /Month | Project Total | /Unit /Annum | /Unit /Month | ||||||||||||
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Gross
Residential Income
(Non-Section 8 Project Based Units) |
$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Gross
Residential Income
(Section 8 Project Based Units) |
$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Commercial
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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*Other
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Gross
Potential Income
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Residential
Vacancy
Pre( %) Post( %) |
$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Residential
Bad Debt
Pre( %) Post( %) |
$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Commercial
Vacancy
Pre( %) Post( %) |
$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Commercial
Bad Debt
Pre( %) Post( %) |
$0.00 | $0.00 | $0.00 | |||||||||||||||||
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| Effective Gross Income | $0.00 | $0.00 | $0.00 | |||||||||||||||||
| * IRP included if a 236 property. | ||||||||||||||||||||
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Annual Expenses |
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| Base | ||||||||||||||||||||
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Real
Estate Taxes
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Insurance
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Utilities
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
| $0.00 | $0.00 | $0.00 | ||||||||||||||||||
| $0.00 | $0.00 | $0.00 | ||||||||||||||||||
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Base
Total
|
$0.00 | $0.00 | $0.00 | |||||||||||||||||
| Controllable | ||||||||||||||||||||
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Management
Fees
Pre( %) Post( %) |
$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Section
8 Administrative
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Other
Administrative
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Salaries
and Benefits
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Repairs
and Maintenance
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Other
Controllable
|
$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Controllable
Total
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Other
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Security
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Neighborhood
Network
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
| $0.00 | $0.00 | $0.00 | ||||||||||||||||||
| $0.00 | $0.00 | $0.00 | ||||||||||||||||||
| $0.00 | $0.00 | $0.00 | ||||||||||||||||||
| $0.00 | $0.00 | $0.00 | ||||||||||||||||||
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| Other Total | $0.00 | $0.00 | $0.00 | |||||||||||||||||
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| Total Expenses | $0.00 | $0.00 | $0.00 | |||||||||||||||||
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Net Income |
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| Net Operating Income | $0.00 | $0.00 | $0.00 | |||||||||||||||||
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Reserve
for Replacement Contributions
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Adjusted
Net Operating Income
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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1st
Mortgage Annual Debt Service *
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$0.00 | $0.00 | $0.00 | |||||||||||||||||
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Net
Cash Flow (After Debt Service)
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$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||
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| Debt Service Coverage Ratio | ||||||||||||||||||||
* Value is from the Property and Loan Information Page's Annual Debt Service with MIP |
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