Public housing vacancies and the related impact of HUD"s proposal to reduce operating subsidies report by United States. General Accounting Office

Cover of: Public housing vacancies and the related impact of HUD

Published by The Office in [Washington, D.C.] .

Written in English

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Subjects:

  • Public housing -- United States -- Finance.,
  • Housing authorities -- United States -- Finance.

Edition Notes

Book details

Statementby the U.S. General Accounting Office.
ContributionsUnited States. Dept. of Housing and Urban Development.
The Physical Object
Pagination19 p. :
Number of Pages19
ID Numbers
Open LibraryOL17667457M

Download Public housing vacancies and the related impact of HUD"s proposal to reduce operating subsidies

Public Housing Vacancies and the Related Impact of HUD's Proposal To Reduce Operating Subsidies safe and sanitary housing for low-income families and to assist states and local communities in establishing and operating public housing authorities (PHA) that manage the projects.

provide for a more equitable distribution of subsidies, and. Get this from a library. Public housing vacancies and the related impact of HUD's proposal to reduce operating subsidies: report.

[United States. General Accounting Office.; United States. Department of Housing and Urban Development.]. U.S. Department of Housing and Urban Development Office of Public and Indian Housing which they would have to be operated as public housing.

HUD Approval of Proposal and Closing Materials: For an Operating Subsidy-Only Project to be eligible to receive public housing operating subsidies, the PHA must obtain HUD approval of its. distribution of public housing by size of public housing authority and region, cost of meeting various public housing construction standards costs of repairing distressed units to meet minimum property standards components of operating subsidies under the performance funding system, by size of public housing authority, Subsidized housing is government sponsored economic assistance aimed towards alleviating housing costs and expenses for impoverished people with low to moderate incomes.

Forms of subsidies include direct housing subsidies, non-profit housing, public housing, rent supplements, and some forms of co-operative and private sector housing. In the. So basically, HUD has free range to adjust the inflation factor and reduce operating subsidy to PHAs. It is similar to a proration factor, but hidden in the calculation.

Calendar year reported the highest inflation factors since the inception of the project based operating subsidy calculation.

HUD is issuing this policy alert to clarify policies regarding the use of public housing operating subsidies for mixed-finance project reserves. from development funds as part of the development budget to fund initial operating deficits related to the public housing units prior to receipt of operating subsidy.

Operating subsidy may only. Get Ready: Public Housing Operating Subsidy October Download PDF Version HUD has already created a link for the calendar year (CY) Operating Subsidy for the Public Housing program.

The webpage has undergone an update and may appear to be different, but the information is basically the same. through Jand make. operating costs. Public housing residents generally pay 30 percent of their income for rent, and this pays for a portion of the operating costs.

Income levels of public housing residents are similar to income levels of households with vouchers. There are about million occupied public housing units, most of which were built from the s. Offers housing subsidy and arrears grant for families with children on Public Assistance.

Applicant families must be facing housing court proceeding for eviction due to nonpayment or have been evicted for owing arrears in the past year. Housing subsidy lasts up to five years with possible extensions for good cause.

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