Guidance on the Administration, Accurate Reporting, and Use of Public Housing Operating Funds
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Summary
AI summary — grounded in the notice text
This HUD notice provides guidance for PHAs on the proper administration, reporting, and eligible use of Public Housing Operating Funds, including rules for centralized payor account arrangements like Paymaster or Revolving Fund Accounts. It clarifies restrictions on pooling and advancing Operating Funds, updates FDS reporting line definitions for inter-program due to/from balances, and outlines best practices, internal controls, and possible sanctions for misuse of these restricted funds. PHA staff should use this to ensure compliance with statutory requirements, avoid ineligible use of funds, and correctly report financial data to HUD.
Key Quotes
Verbatim from the notice
“This Notice provides guidance on requirements and best practices for Public Housing Agencies (PHAs) when administering Public Housing Operating Funds”
Verbatim from the notice
“The use of Public Housing Operating Funds for non-program purposes is an ineligible use of program funds and violates statutory and regulatory requirements”
Verbatim from the notice
“This Notice supersedes the guidelines and definitions for reporting balances on the below Financial Data Schedule (FDS) Line-Items”
Key Dates
- Published
- May 22, 2025