In a brief announcement about the publication of the October 24, 2013, final rule on the capital fund program, the Office of Capital Improvements (OCI) includes an update on the capital fund guidebook that has been in development for some time.
OCI anticipates that the guidebook will be available next spring and, together with the final rule, “will ensure that the capital fund program is more efficiently and uniformly implemented by PHAs and managed more effectively by the HUD field offices.” As OCI’s announcement points out, the final rule:
- Combines the capital fund requirements for modernization and development into a single regulation
- Updates and streamlines many of the capital fund and development requirements
- Incorporates recent energy requirements
- Directs more funding toward modernization
Also, we're thrilled to announce that Nan McKay and Associates has been selected (under subcontract to Phineas Consulting) to fully revise and update the HCV guidebook for HUD. (The current version was issued in 2001.) We're very excited to be working on this project, and we'll let you know when HUD releases more information about the new version.
NMA can assist your agency with PNA planning and energy audits. For more information, contact sales@nanmckay.com. To stay updated on the latest program information, subscribe to the PIH Alert and Housing Resource Newsletter.
