Voucher Adjustments

Question: I manage a small Section 202/8 property that has a monthly mortgage offset of $1,789.36 that is deducted from my voucher every month before I get the deposit in my bank. Last month, my voucher had some large adjustments and the total voucher was only for $1,400. How is the shortfall on my mortgage going to get paid? Will HUD automatically take it out of next month instead? Bill- Florida

Answer HUD will not create a subsequent month deduction to cover the shortfall. HUD will also no longer accept a paper check for the difference. The owner must pay the shortfall balance to HUD via www.pay.gov. Their website has instructions on how to send the remaining balance to keep the mortgage current.