Proposed Public Housing Operating Fund Rule Makes Several Changes In Formula Approved by Committee

摘要

HUD is expected to soon issue a proposed public housing operating fund rule which makes several changes in the formula approved by a negotiated rulemaking committee last year, removing several add-on costs from the formula, reducing the coefficient for operating as a nonprofit from 10 to 4 percent, and removing a provision that would have funded up to 3 percent of a PHA's vacant units. In other changes, the proposed rule does not contain a $2 per unit month (PUM) public entity fee or a "stop loss" provision to limit losses for PHAs that get less operating subsidy if they adopt asset management operations. For PHAs that get more subsidy, the increase would be phased in over four years instead of the two years agreed to by the rulemaking committee.