HUD Issues Memo to PRAC Owners to Remit Excess Residual Receipts On June 19, 2015, HUD issued a memorandum that impacts owners of Section 202 and 811 PRAC properties maintaining residual receipt acc ...
In September’s Practical Points we described the provisions of HUD Notice 2012-14, issued on August 3, 2012. This Notice requires certain properties to use excess Residual Receipts (RR) to offset Sect ...
Through a letter dated October 2, 2012, HUD released Frequently Asked Questions (FAQs) regarding Housing Notice H-2012-14. The FAQs provide guidance regarding the use of Residual Receipts to fund vouc ...
HUD Notice 2012-14 was issued on this topic on August 3, 2012. The Notice becomes effective 60 days after issuance, and provides procedures for using any excess Residual Receipts toward voucher payme ...
Janet Golrick, Associate Deputy Assistant Secretary for Multifamily Housing Programs, has sent, to owners and agents, a follow-up to her letter of November 22, 2011 giving some clarification as to the ...
