PHA with Nonperforming Projects Can Still Stop Subsidy Loss by Meeting Asset Management Criteria

摘要

A PHA with one or more nonperforming properties under HUD's criteria for successful conversion to asset management would still be eligible to permanently stop is operating subsidy loss at 5 percent if it met all seven of the criteria by the stop-loss deadline, HUD said in a frequently asked questions (FAQ) document on its website. The first deadline for meeting asset management standards is October 1, 2006, but HUD has plans to postpone this deadline to April 2007.