On July 28, HUD released Notice PIH-2020-16 “Implementation of Public Housing Operating Fund Shortfall Funding from Federal Fiscal Year (FFY) 2020 Appropriations.” The 2020 Appropriations Act set aside $25 million of the Operating Fund to be allocated to public housing agencies that experience insolvency. This set-aside will be distributed via a need-based application process not subject to the Operating Fund formula. HUD may distribute any remaining funds to all public housing agencies on a pro-rata basis after all insolvency needs are met. The notice provides guidance regarding eligibility, the process for applying, and other requirements for the $25 million set-aside of Public Housing Operating Funds to assist PHAs experiencing financial insolvency. 

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