NMA Blog

NMA's Steven Rosario will lead a session on preventing shortfall in the housing choice voucher program

In his current role as HCV program director, NMA's Steven Rosario oversees the operations of Miami-Dade County’s housing choice voucher program. He previously served as director of some of the largest voucher programs in the nation, administering more than 45,000 vouchers in Chicago and San Francisco.

Jennifer Green of the Indianapolis Housing Agency, speaking on the RAD panel at The Housing Conference

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:

HUD’s Financial Management Division (FMD) recently sent a letter to PHA executive directors describing the calculation and disbursement of renewal funding for February and March. The allocation of HAP renewal funds for calendar year (CY) 2015 has not yet been determined pending completion of Voucher Management System (VMS) data entry for CY 2014. February and March disbursements are based upon each PHA’s CY 2014 prorated renewal eligibility.

Last week HUD’s Office of Public and Indian Housing (PIH) sent out a letter to PHA executive directors to help them plan their 2015 budgets for the housing choice voucher (HCV) program. The letter provides important information and guidance about budgeting for next year. Below are just a few highlights: