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HUD 5372 is a form used by the U.S. Department of Housing and Urban Development (HUD) to obtain authorization and approval of proposed projects and activities related to HUD programs and activities. HUD Form 5372 is usually used when requesting funds from HUD for a proposed project.

HUD 5372 is a form used by the Department of Housing and Urban Development (HUD) to establish a housing assistance payments (HAP) contract between HUD and the owners of a housing development. The form is used to ensure that the tenant pays the agreed-upon rent and that the owner meets all the requirements of the HAP contract.

To fill out the HUD 5372 form, follow these steps: 1. Start by reviewing the form's instructions and gather all the necessary information and documents. 2. Begin with the top section of the form. Enter the grant number, grant year, and recipient's name, address, and location. 3. Complete Section I - Summary Information. Provide the appropriate project information, like the project name, activity number, project type, and the last date of performance. 4. In Section II - Funding Sources, enter the funding sources and amounts. Provide the federal, state, local, and private sources of funding and their respective amounts. 5. Proceed to Section III - Budget Summary. Fill in the total budget and note any unobligated balances from prior years. Enter the amount of funds allocated and obligated in the current year. List the activities and costs associated with each. 6. Continue to Section IV - Summary of Line Item Adjustments. If there are any adjustments or amendments to the budget, list the activity number, line item, and the corresponding amounts. 7. Complete Section V - Expenditure Detail. Provide a breakdown of each program or project activity, the funding source, and the expenditure amount in the appropriate categories. 8. In Section VI - Program Income, provide details on any program income earned, including the source, amount earned, and utilization. 9. Move on to Section VII - Homeowner Rehabilitation, where you will provide information on the number of units and aid type for homeowner rehabilitation projects. 10. If applicable, complete Section VIII - Homebuyer Activities. Enter the number of units assisted, funding source, and the appropriate activities. 11. In Section IX - Rental Rehabilitation, provide details on the number of units rehabilitated, funding source, and activities. 12. Proceed to Section X - Tenant-Based Rental Assistance (TBRA). If applicable, enter the number of families assisted, funding sources, and activities. 13. Finally, complete Section XI - Other (Specify). If any other activities not mentioned are being funded, provide the necessary details. 14. At the end of the form, certify the information by signing and dating it. 15. Ensure that you have made a copy of the completed form for your records and submit the original to the appropriate HUD office. It's always recommended to consult the instructions accompanying the HUD 5372 form for any specific guidance or requirements.

HUD 5372 form, also known as the "Asset and Income Worksheet," is used to provide a summary of an applicant's assets and income for the purpose of eligibility determination for various HUD (Department of Housing and Urban Development) programs. The information that must be reported on HUD 5372 includes: 1. Applicant Information: The form requires the applicant's name, address, social security number, birthdate, and their relationship to the other household members. 2. Employment Information: The applicant must provide details about their employment, such as the name, address, and contact information of their current employer, job title, dates of employment, and gross income earned from the job. 3. Other Income Sources: The form requires the applicant to report any other sources of income they receive, such as social security benefits, disability payments, pension or retirement income, alimony, child support, public assistance, etc. For each income source, the applicant needs to provide information about the amount received and the frequency (weekly, monthly, annually). 4. Asset Information: The applicant must disclose any assets they own, including cash on hand, checking and savings accounts, stocks, bonds, real estate properties, vehicles, etc. For each asset, the form requires the applicant to provide the current market value and any outstanding loan/mortgage balance. 5. Other Deductions: The form allows the applicant to report any allowable deductions, such as childcare expenses, elderly or disabled assistance expenses, medical expenses, etc. 6. Certification: The applicant must sign and date the form, certifying that the information provided is complete and accurate to the best of their knowledge. It is important to note that the specific information required on HUD 5372 may vary depending on the program being applied for. Applicants should consult with the program guidelines or seek assistance from a HUD representative for any additional information required.

There is no specific penalty mentioned for the late filing of HUD 5372 (which is the Tenant Characteristics Form used by the US Department of Housing and Urban Development). However, it is important to adhere to any deadlines or requirements set by the HUD or the relevant authorities to avoid potential consequences or complications with your housing assistance or programs. It is recommended to consult with a HUD representative or legal professional for specific guidance.

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