PIH Notice 2011-14: Guidelines for Undertaking Financing Unsecured by Public Housing Assets

Publication Date:  February 24, 2011

Summary:  This Notice provides guidance to public housing authorities (PHAs) and others on how to manage compliance with public housing requirements when undertaking a financing that is not secured by public housing assets. Specifically, PHAs may not provide recourse to public housing assets as defined herein to their lender or financier.  The Notice provides for certain requirements when pursuing a financing that is not secured by public housing assets, and states guidelines for what HUD requires for those financings, as well as what HUD specifically does not require of the PHAs. To help maintain compliance with public housing requirements, PHAs should review and follow the guidelines provided in this Notice.

View the notice here.