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Stop-Loss

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 -   Stop-Loss - Archives


 -   Frequently Asked Questions Year 1 Stop-Loss Applicants October 9, 2008

Under the new Operating Fund rule, PHAs that will experience a decline in funding can have their losses “stopped” by demonstrating a successful conversion to asset management, i.e., “stop-loss.” This website contains information for PHAs regarding Stop-Loss.

The Year 3 Stop-Loss application deadline is October 15, 2008. Adhere to the Year 3 Stop Loss Submission Kit which will be available on this site within the next couple of weeks, and any current and subsequent PIH Notices. Send two (2) copies to the Financial Management Division; send one (1) copy to your local Field Office. In total, three (3) copies should be sent on behalf of the PHA.

 -   PIH Notice 2009-32, This notice provides information for public housing agencies (PHAs) that wish to submit documentation of successful conversion to asset management in order to discontinue their reduction in operating subsidy under the Operating Fund Program regulations (24 CFR part 990), commonly referred to as the "stop-loss" provision. This notice applies only to PHAs that: (1) lose funding under the new formula; and (2) wish to submit documentation in accordance with the requirements for Year 4
 -   Stop-Loss Year 4 Submission Kit
 -   Stop-Loss Year 4 Fillable Forms (All forms are in MS-Word)
 -   Attachment A-Checklist of Required Information
 -   Attachment B-PHA Data Form
 -   Attachment C-Agency Wide Schedule of Salaries and Positions
 -   Attachment D-Certifications of Long Term Capital Planning
 -   Attachment E-Certification of Compliance with Risk Management Responsibilities
 -   Board Resolution Approving the AMP Budgets
 -   COCC Budget
 -   Description of How Management Services are arranged
 -   Flat Rents
 -   Stop-Loss PHA Guidance
PHAs will find Stop-Loss Guidance regarding the process to review Stop-Loss applications. PHAs will also find a Tool solely for the aid of the contract team in conducting assessments; however, PHAs may find this Tool useful in reviewing this check-list in preparation for an on-site review.
 -   Stop-Loss Reviewer Checklist Tool (MS-Excel)
 -   PIH Notice 2006-35, This notice amends PIH notice, PIH 2006-14 (HA), issued, March 22, 2006, to extend the application submission deadline to qualify for the first stop-loss deadline to April 15, 2007.
 -   PIH Notice 2006-14, Operating Fund Program Final Rule: Transition Funding and Guidance on Demonstration of Successful Conversion to Asset Management to Discontinue the Reduction of Operating Subsidy, issued March 22, 2006.
 -   Demonstrating Successful Conversion To Asset Management: A Site Visit to the Charlotte Housing Authority
 -   Supplemental Information Regarding Year 3 Stop-Loss Submissions
 -   Guidance - Early Fee for Service Implementation Instructions - This is in response to recently received questions from PHAs that are preparing their Year 1 Stop Loss applications. (Posted: March 16, 2007)
 -   Frequently Asked Questions (Oct. 2, 2006)
 -   Frequently Asked Questions - Stop Loss Extension (Oct. 2, 2006)
 -   Additional Frequently Asked Questions Related to Stop Loss - Part I As the deadline for Year One applications for stop loss approaches, PHAs have generated a number of questions. (Posted: March 21, 2007)
 -   Additional Frequently Asked Questions Related to Stop Loss - Part II (Posted: April 3, 2007)
 
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