This week HUD’s Office of Public and Indian Housing (PIH) issued Notice PIH 2015-17 to provide guidance to PHAs on the use and reporting of administrative fee reserves, or unrestricted net position (UNP) accounts. The seven-page notice reissues with minor revisions Notice PIH 2010-7, providing updated guidance on the reporting of admin fee reserves and use of reserves when faced with insufficient funding. The new notice responds to recommendations by the Office of Inspector General (OIG) to implement controls and requires reconciliations of UNP. Below is a summary of the major differences:
Registration for the first-ever NMA Housing Conference is now open, and session information has been announced.
Topics: Blended Occupancy, Capital Fund, EIV, Executive Management, Fair Housing, FASS-PH, IMS/PIC, Mixed Financing, Program Management, RAD, Rent Reasonableness, Sequestration, Sustainable Communities, The Housing Conference, VMS
HUD’s Office of Public and Indian Housing (PIH) has issued a new notice revising its guidance on the financial reporting requirements for the housing choice voucher program through the Financial Assessment Subsystem for public housing and the Voucher Management System.