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PIH Notice 2012-9 Implementation of the Federal Fiscal Year 2012 Funding Provisions for the Housing Choice Voucher Program

Submitted by Jonathan Zimmerman on February 21, 2012 08:58am EST
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Summary:  HUD's Notice (PIH Notice 2012-9) implements the Housing Choice Voucher (HCV) program funding provisions of the ―Consolidated and Further Continuing Appropriations Act, 2012‖ (PL 112-55), enacted on November 18, 2011. The 2012 Act establishes the allocation methodology for calculating housing assistance payments (HAP) renewal funds, new incremental vouchers and administrative fees.

Date of Publication:  February 8, 2012

View the notice here.

Implementation of the Federal Fiscal Year 2012 Funding Provisions for the Housing Choice Voucher Program

Submitted by Jonathan Zimmerman on February 21, 2012 08:55am EST
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Summary:  HUD's Notice (PIH Notice 2012-9) implements the Housing Choice Voucher (HCV) program funding provisions of the ―Consolidated and Further Continuing Appropriations Act, 2012‖ (PL 112-55), enacted on November 18, 2011. The 2012 Act establishes the allocation methodology for calculating housing assistance payments (HAP) renewal funds, new incremental vouchers and administrative fees.

Date of Publication:  February 8, 2012

View the notice here.

HUD Provides PHAs with Net Restricted Assets as of 12/31/11 and Last Chance to Correct It

Submitted by Jonathan Zimmerman on February 21, 2012 08:44am EST
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In the mid-afternoon on Friday, February 17, 2012 HUD sent PHAs that administer Section 8 voucher programs, an e-mail with their 12/31/2011 Net Restricted Asset (NRA) balance reports for their final review.  If a PHA finds that the HUD calculated NRA balance differs from HUD’s calculated balance as of December 31, 2011 by more than an immaterial amount (e.g., 3%), they must contact their assigned Financial Analyst at the FMC within two business days of receiving HUD’s letter on February 17, 2012 to discuss it and resolve any problems. HUD set Thursday, F

NAHRO Provides PHAs with Tools to Estimate 2012 Voucher Funding Now

Submitted by Jonathan Zimmerman on January 9, 2012 12:26pm EST
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As previously notified by HUD, the Department expects to notify PHAs of their final 2012 Housing Assistance Payment allocations and offsets (if applicable) by mid-February 2012.  Operating voucher programs during the limbo period between January 1st and when PHAs receive their funding allocations and then put their voucher program operations into full gear, has hurt PHAs’ programs in the past.  One of the most important things PHAs can do is to avoid, if at all possible, an unnecessary drop in their voucher leasing between now and when they ultimately receive th

Additional Time Available to PHAs Beyond December 21, 2011 But Voucher Funding Analysis and Planning Ahead Are Still Important

Submitted by Jonathan Zimmerman on December 21, 2011 04:24pm EST
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Additional Time Available to PHAs Beyond December 21, 2011 But Voucher Funding Analysis and Planning Ahead Are Still Very Important