HUD, PHA Groups Consider Asset Management Criteria for Public Housing Operating Fund Rule

摘要

In meetings on the new operating fund rule, HUD and public housing groups are discussing scaled-back asset management criteria that PHAs must meet by October 1, 2006, to limit their losses under the new program. The Council of Large Public Housing Authorities, National Association of Housing and Redevelopment Officials, and Public Housing Authorities Directors Association are participating in the meetings. An estimated 800 to 900 PHAs will lose subsidy under the new operating fund rule. PHAs that can demonstrate a successful conversion to an asset management system by October 1, 2006, can limit their losses to 5 percent of the difference between the lower subsidies under the new rule and the amount received under the old regulation.