HUD Extends Deadline for ’17 Operating Fund Revisions

On May 31, HUD released Notice PIH-2017-19, amending the Public Housing Operating subsidy eligibility calculations for Calendar Year 2017. The notice extends the Operating Fund revision deadline from August 1 to August 15. This provides PHAs additional time to submit revisions to their original CY 2017 Operating Fund submissions. Revisions should be submitted to local HUD Field Offices.

Happy National Homeownership Month

On June 1, 2017, U.S. Department of Housing and Urban Development (HUD) kicked off National Homeownership Month with the “New Era of Homeownership” panel discussion. Keynote speaker, Secretary Ben Carson, described homeownership as “security, certainty, a path forward, and a place to live with loved ones”. He stated, “after all we’ve been through, homeownership remains an American value and the cornerstone of our economy,” and noted that  63.6 percent of Americans are homeowners. Based on research from Harvard Joint Center for Housing Studies, homeownership has increased since 2016 and is projected to increase within the next eight years by 13.6 million households.

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