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HUD notifies PHAs of increase in admin fee proration

In a letter to executive directors dated May 26, HUD announced an increase in the calendar year (CY) 2016 estimated fee proration factor from 80 percent to approximately 84 percent.

The letter, from Principal Assistant Deputy Secretary Lourdes Castro-Ramirez, states that HUD has identified additional funds to support ongoing administrative fees. The reconciliation process for the first quarter of CY 2016 will reflect the increased proration.

Interested in learning more about how to maximize your funding? NMA offers several related classes, including HCV Financial Management, with upcoming sessions in Tallahassee, FL, and Seattle, WA, and HCV Financial Accounting and Reporting, with upcoming sessions in Providence, RI, and Richmond, VA. For more information, contact sales@nanmckay.com.