Administrative Fee Reserves

Summary:  On October 27, 2011 HUD issued a Notice (PIH Notice 2011-58) to extend PIH Notice 2010-7 with several changes.  HUD’s notice provides specific guidance to Public Housing Agencies (PHAs) on the use of the Administrative Fee Reserves and reiterates guidance on PHA cash management and approved investment instruments. HUD’s notice also provides guidance on the reporting of Administrative Fee Reserves and use when faced with insufficient funding.