CARH'S BROADCAST EMAIL - Regulatory Update
CARH’S BROADCAST E-MAIL – Regulatory Update
September 25, 2018
Unnumbered Letter Issued Providing Guidance for Reallocation of Rental Assistance Units for Properties No Longer in the Program
As many of you know from past broadcast emails and from CARH meetings, CARH has been very interested in the full use of Rental Assistance (RA). An important step in fuller and faster use of RA is set out in the recent Unnumbered Letter (UL) dated September 19, 2018. This UL provides state offices with guidance on reallocating RA units currently held in the Administrator’s reserve back to the state where the units originated and allow states to use RA when properties are paid in full.
According to the UL, the RA units being reallocated are from properties that left the program via acceleration, foreclosure sale, natural maturity, or prepayment during Fiscal Years 2017 and 2018.
If you have any questions, please contact the CARH national office at firstname.lastname@example.org or 703-837-9001.