Wednesday, March 28, 2012

Streamlining Voucher Portability Proposed Rule.

Proposed rule was published in today's Federal Register HERE. Comment period runs through May 29th. 

Rules docket for this reg on is HERE

ONE excerpt from the proposed rule: 
In order to help ensure that a PHA utilizes available budget authority to the maximum extent possible, and to reduce the number of portability billing arrangements between agencies, the proposed rule would require a PHA that: (1) Is utilizing less than 95 percent of its available budget authority, and (2) has a leasing rate of less than 95 percent, to absorb incoming portability families until the percentage of available budget authority used or the leasing rate is at least 95 percent. The available budget authority includes the available Housing Assistance Payment (HAP) Net Restrict Assets, or NRA.
Originally created and posted on the Oregon Housing Blog.

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