Yesterday, HUD’s Housing Voucher Financial Management Division sent a letter to PHA Executive Directors and certain Housing Choice Voucher (HCV) Program Representatives announcing that the 2018 administrative fee will increase from 76 percent to 80 percent. The Department notes that the final number may change again based on national leasing behavior and finding additional funding. The additional administrative fee funding will be obligated during September 2018. The Department also notes that for portability, it is recommended that PHAs continue to use the original estimated 76 percent proration from January to July and begin to use the new 80 percent proration in August.
While NAHRO is pleased that HUD has found the funds to increase the administrative fee proration to 80 percent, we will continue to stress to decision-makers in Washington, D.C., the importance of fully funding this account.
The full letter can be found here.