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PIH
Notice 2008-31, Guidance on Demonstration of Successful Conversion to Asset
Management to Discontinue the Reduction of Operating Subsidy, Year 3 Applications,
issued July 17, 2008.
If your PHA is not applying for Stop Loss, or
has already received a Stop Loss Notification, please disregard this notice.
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Abbreviated Submissions for Year 2 Stop Loss
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Notification for Year 1 Stop-Loss Applicants - Any PHA that submitted
an application for Year 1 but, as of March 1, 2008, has not received an official
denial letter from the Department only needs to submit an abbreviated application,
for large PHAs (250 or more units) submission is due by the Year 2 deadline of
April 15, 2008 and for small PHAs (249 or less) submission is due by April 30,
2008. The abbreviated application includes only the following five items, as described
in the Year 2 Stop-Loss Submission Kit, dated June 29, 2007:
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Item 3 (Agency-Wide Schedule of Salary and Positions) |
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Item 4 (Board Resolution
Approving Project and COCC Budgets) |
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Item 5 (Operating Budgets) |
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Item 16 (Operating Statements) |
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Item 17 (Schedule of Flat Rents, by AMPs)
| The PHA will then be provided with 45 days from the date of HUD’s official
denial letter to submit documentation for any failed criteria. No additional information
will be required for criteria found acceptable in the Year 1 application.
HUD
will review submitted material to determine whether or not an on-site assessment
is required.
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