HUD’s Office of Public and Indian Housing has released a notice that provides public housing agencies (PHAs) with instructions for operating subsidy calculation submissions in 2012. The notice addresses the allocation adjustment to operating subsidy proposed in the President’s FFY 2012 budget, the methodology for the adjustment, the allowable requests for exclusion from the reserve calculation, and the submission and processing of allowable reserve exclusion requests. Although this adjustment has not yet been enacted by Congress, HUD is providing PHAs with this information and the procedures for implementation so that PHAs are able to plan accordingly.
To view the notice, click here.
