Notice on Rate Reduction Incentives Released

On September 3, HUD published Notice PIH-2019-24. The notice provides PHAs with guidance on the use and eligibility of the Rate Reduction Incentive (RRI). The RRI is a financial incentive for PHAs that take special steps and efforts beyond what is required by statute and/or regulation to reduce their utility rate. The Notice replaces Notice PIH-2014-18 (HA) and supplements information included within the current Energy Performing Contracting (EPC), Utility Partnership Program (UPP), and the Operating Fund Grant processing grant notices. The notice covers the RRI application process, activities that may be eligible for an RRI, actions that are not eligible to receive RRI, and RRI interaction with an EPC.

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