24 CFR § 990.220 - Purpose.

---
identifier: "/us/cfr/t24/s990.220"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 990.220 - Purpose."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "990.220"
section_name: "Purpose."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "990"
part_name: "THE PUBLIC HOUSING OPERATING FUND PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 1437g; 42 U.S.C. 3535(d)."
regulatory_source: "70 FR 54997, Sept. 19, 2005, unless otherwise noted."
cfr_part: "990"
---


# 990.220 Purpose.

This policy is aimed at assisting all PHAs in transitioning to the new funding levels as determined by the formula set forth in this rule. PHAs will be subject to a transition funding policy that will either increase or reduce their total operating subsidy for a given year.