HUD Explains Second Operating Fund Distribution

HUD has advanced the second distribution of Operating Funds to PHAs.  This distribution covers both February and March.  As with the first distribution, HUD has adjusted 2010 eligibility to estimate 2011 eligibility.  Unlike the initial distribution which assumed a 100% pro-ration relative to eligibility, the second one employs a 92% pro-ration.  NAHRO’s coverage of the initial distribution, including the eligibility adjustment, can be found here.

NAHRO members: We will provide additional coverage on the prospects for funding of the Operating Fund in FY 2011 in the February 15th edition of the NAHRO Monitor.