Department of Housing and Urban Development April 17, 2007 – Federal Register Recent Federal Regulation Documents

Under HUD's regulations for the Public Housing Operating Fund Program, public housing agencies (PHAs) with 250 or more units are required to convert to asset management. PHAs with less than 250 units may elect to convert but are not required to do so. On September 6, 2006, HUD published a Federal Register notice providing interim guidance to assist PHAs in the conversion to asset management. On that same date, HUD posted on its Web site Public and Indian Housing (PIH) Notice 2006-33, Changes in Financial Management and Reporting Requirements for Public Housing Agencies Under the New Operating Fund Rule (24 CFR part 990), that provided interim guidance on changes in PHA financial management and reporting necessitated by the conversion to asset management. Both the September 6, 2006, Federal Register notice and PIH Notice 2006-33 were issued for public comment. This notice advises the public that HUD has posted its final guidance for both subject areas on the HUD Web site. The final guidance takes into consideration the public comments received on both sets of interim guidance, and responds to the significant issues raised by the public commenters.

The information collection requirement described below will be submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal.