- Acceptance of CHAP. Within 30 days of CHAP issuance, a PHA must confirm its acceptance of the CHAP by submitting an application (including required attachments) into the Inventory Removals module in PIC identifying the units that will be removed from the public housing Annual Contributions Contract (ACC) when the project completes conversion.62 Failure to submit an application into PIC according to the instructions provided by HUD will result in a suspension of the CHAP and a revocation if not corrected within 15 days of notification, unless HUD identifies just cause for an extension. If the CHAP is re- instated, it will retain its original issuance date. Similarly, if the transaction changes and HUD determines that the PIC application needs to be modified by the PHA, the PHA will have 30 days to resubmit the Inventory Removal application and HUD will follow the above- described procedure for failure to comply.
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Removing Acreage in PIC for Multiphase ConversionWe have a large project that we are converting in phases. For the initial phase, in terms of PIC removal, do I include acreage for the entire site or just the portion being converted?
For the PIC removal application, just include the portion being converted at this time.
PIC Removal for Non-Dwelling UnitsMy converting RAD project also includes some non-dwelling units. Do I request removal for the non-dwelling units as well?
Submission of PIC Removal ApplicationOnce I submit the draft PIC Removal application, what happens? Am I out of public housing?
This initial application is a draft, and will not be finalized until your transaction closes and converts through RAD. Your application remains “Under Review.” Although the project will then be exempt from scoring under the Public Housing Assessment System (PHAS), it will otherwise remain in public housing and be subject to all public housing rules and regulations until after closing.
Non-dwelling Units Not Shown in PICHow should the PHA treat non-dwelling buildings that should be removed under the PIC removal application, but are not currently listed in PIC?
On the PIC removal application there is a place to list non-dwelling buildings “not in PIC”, as the application should include all units and buildings, regardless of their dwelling status.