NAHRO is happy to announce it has received information from HUD that HUD will be rescinding the Annual Contributions Contract (ACC) (Form HUD-53012, OMB Approval No. 2577-0075) that took effect in May of this year. Agencies that have executed this new ACC will revert back to their prior ACC. Agencies will receive a communication from HUD in the coming days that will document the rescission of the new ACC.
It is anticipated that HUD may revisit a new ACC in the future and allow for additional input from the affordable housing stakeholders.
NAHRO thanks all of the agencies that have shared their thoughts and concerns about the new ACC with us. Additionally agencies, the industry groups (NAHRO, PHADA, and CLPHA) along with industry attorneys worked in unison to advocate for the importance and fairness of the agency/HUD relationship. NAHRO will continue to follow the ACC issue and will provide updates as additional information becomes available.