Operating Fund Obligations for February Released

HUD has released their explanation of FY17 Operating Fund obligations for February on HUD’s 2017 Subsidy Processing website. The Department is providing an interim proration of approximately 85 percent for the Operating Fund. This proration may change later in the year to reflect the difference in the amount of the actual eligibility for final approved PHA subsidy requests and the FY17 Appropriation Bill. Congress has yet to pass a FY17 appropriations bill and is currently working off of a Continuing Resolution (C.R.) of FY16 appropriation levels.

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