Guidance on the Rate Reduction Incentive in Public Housing
This document has been replaced. Superseded by PIH 2025-15 (published May 22, 2025).
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Summary
AI summary — grounded in the notice text
This HUD notice provides guidance to Public Housing Agencies on the Rate Reduction Incentive (RRI), a financial incentive under the Operating Fund program for PHAs that take special action to reduce utility rates. It covers eligibility, application requirements, calculation of savings, interaction with Energy Performance Contracts, and processes for approval, withdrawal, and negative savings. This matters because it explains how PHAs can gain additional Operating Subsidy eligibility by reducing utility costs and what documentation and deadlines apply.
Key Quotes
Verbatim from the notice
“This Notice supersedes and replaces Notice PIH 2023-17 (HA) and supplements information in the current Energy Performance Contracting (EPC), Utility Partnership Program (UPP), and the Operating Fund grant processing Notices.”
Verbatim from the notice
“The RRI is a financial incentive for PHAs that take action beyond normal public participation in rate-making proceedings, such as well-head purchases or natural gas, administrative appeals or legal action to reduce their utility rate.”
Verbatim from the notice
“This Notice establishes one RRI application submission deadline per funding year.”
Key Dates
- Published
- Aug 23, 2024
Programs
Supersession & Extension Chain
Superseded by
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