HUD Releases Guidance on HCV Shortfall Funding and CY 2018 Administrative Fees

Earlier today, HUD released Notice PIH 2018-05 titled “Guidance Related to (1) Eligiblity for Potential Shortfall Funding Under the Calendar Year (CY) 2018 Housing Assistance Payments (HAP) Renewal Set-Aside for the Housing Choice Voucher (HCV) Program and (2) CY 2018 Administrative Fees.” Although released today, after the passage of the FY 2018 budget, it appears that this notice was written before the passage of the budget. Certain details may be changed by HUD to better reflect the FY 2018 budget. This notice offers guidance on shortfall funding; administrative fee set-aside funding; and blended rate administrative fees and higher administrative fee rates.

Click below to read a brief overview of the notice.

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