PIH2012-43: Use of Operating Reserves for Capital Improvements

Summary:  HUD’s notice extends the obligation deadline in Section 6 of Notice PIH 2012-2 to March 31, 2013. The Continuing Appropriations Act (P.L. 112-175) extended the temporary authority provided through the FY 2012 Appropriations Act of PHAs to use operating reserves above the HUD recommended level for some capital improvements. If Congress chooses to extend this provision beyond March 31, 2013 HUD will extend this notice further. All other sections of Notice PIH 2012-2 continue to remain in effect until amended, superseded, or rescinded by subsequent HUD directive or guidance. 

Publication Issuance Date:  October 25, 2012

View the notice here.