All the financing resources you need under one roof

First Housing mobilizes capital to finance multifamily housing in the state of Florida and beyond.


Learn moreArrow

Place your confidence in first housing.

We provide easy and reliable tenant compliance monitoring and top notch training. Complying with public agencies' multifamily housing requirements isn't always easy, but it is familiar territory for First Housing.


Learn moreArrow

Manage the financing process with intelligence and ease.

We help lenders and investors make sound decisions by proving underwriting, financial analysis, servicing and loan administration services.


Learn moreArrow

First Housing University

Dedicated to enhancing knowledge of affordable property compliance with web courses, workshops, workshops, and personalized training.


Learn moreArrow

YTD Calculation

Posted on: July 18th, 2019 by Christa Landram No Comments

As of October 2018, the following guidance was provided for Year-to-date (YTD) calculation.

Procedurally, we do not require a property to use a year to date (YTD) calculation method and conversely, will not cite a property for using this method; however, if they do use it, we will also consider that calculation in our review(s).

Many properties choose to use this calculation due to concerns that the paystubs or employer’s verification provided, do not show a true reflection of hours, pay, etc. This can be for a number of reasons, which can include hours, OT, commission, and bonuses.

If a property does choose to use YTD, it should be used consistently and with all files where YTD is provided. When a property is not consistent with the use or non-use of this calculation, we will write it up as a general comment.

In the event we review a file that would have been over-income by use of YTD, and the owner chose not to include the calculation for this reason, we will cite it as noncompliance if the owner’s standard procedure is to use that method for all other files.

In summary, we will monitor this calculation in a manner consistent with the owner’s procedures.


Leave a Reply

© Copyright 2019 First Housing FL. All rights reserved. 107 S. Willow Ave. | Tampa, FL 33606 | mail@firsthousingfl.com | Privacy Policy

Skip to content