HUD Releases CY16 Operating Subsidy Calculations

HUD has released PIH-Notice 2016-10, REV-1, entitled “Public Housing Operating Subsidy Calculations for Calendar Year 2016.” The notice provides public housing agencies (PHAs) with instructions for the calculation of operating subsidy eligibility in Calendar Year (CY) 2016.

HUD’s Office of Public and Indian Housing also released its Explanation of Obligations for May and June 2016. Funding for May and June uses a proration level of 89.73 percent.This rate may fluctuate throughout the year.

More information can be found here (members only).