HUD Explains Third Operating Fund Distribution

The Department has obligated additional funding for Operating Fund subsidies for the month of April 2011.  HUD's explanation can be found here.  This funding is expected to be available in eLOCCS before April 1, 2011. The fourth round of funding will be provided by May 1, 2011.  As with the second distribution, HUD has adjusted 2010 eligibility to estimate 2011 eligibility.  It also maintains 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 Operating Fund in the March 31st edition of the NAHRO Monitor.