Title 24, Part 990 — The Public Housing Operating Fund Program

Purpose.

Applicability.

Operating fund formula.

Definitions.

Environmental review requirements.

Unit months.

Eligible units.

Ineligible units.

Eligible unit months (EUMs).

Occupied dwelling units.

Dwelling units with approved vacancies.

Limited vacancies.

Addition and deletion of units.

Overview of calculating formula expenses.

Computation of project expense level (PEL).

Computation of utilities expense level (UEL): Overview.

Utilities expense level: Computation of the current consumption level.

Utilities expense level: Computation of the rolling base consumption level.

Utilities expense level: Incentives for energy conservation/rate reduction.

Other formula expenses (add-ons).

Calculation of formula income.

Determination of formula amount.

Fungibility of operating subsidy between projects.

Payment of operating subsidy.

Payments of operating subsidy conditioned upon reexamination of income of families in occupancy.

Purpose.

Transition determination.

PHAs that will experience a subsidy reduction.

PHAs that will experience a subsidy increase.

General.

Types of appeals.

Requirements for certain appeals.

Overview.

Applicability.

Identification of projects.

Asset management.

Project-based management (PBM).

Project-based budgeting and accounting.

Records and reports.

Compliance with asset management requirements.

Resident Management Corporation operating subsidy.

Preparation of operating budget.

Retention of excess revenues.

Purpose—General policy on financial management, monitoring and reporting.

Submission and approval of operating budgets.

Audits.

Record retention requirements.