Op Fund

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.

HUD Explains Second Operating Fund Distribution

HUD has advanced the second distribution of Operating Funds to PHAs.  This distribution covers both February and March.  As with the first distribution, HUD has adjusted 2010 eligibility to estimate 2011 eligibility.  Unlike the initial distribution which assumed a 100% pro-ration relative to eligibility, the second one employs a 92% pro-ration.  NAHRO’s coverage of the initial distribution, including the eligibility adjustment, can be found here.