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HUD Publishes CARES Act Close Out Procedures Notice

PHAs have until April 30, 2023 to finish liquidating any CARES Act obligations used for supplemental Public Housing Operating Funds. PIH Notice 2022-35 updated the deadline to complete the liquidation process to the new date in April 2023. However, it did not modify the Dec. 31, 2021 CARES Act obligation deadline. In addition to liquidating obligations by April 30, 2023, PHAs who reported obligations that have not been liquidated on their SF-425 form must submit another by the April deadline showing that this process is complete. Those funds that were not obligated on the previous SF-425 have been recaptured, and any funds unliquidated by April will also be recaptured. Finally, HUD notes that CARES Act funds have been unavailable to draw down since April 30, 2022. The notice provides guidance for requesting additional CARES Act funds since April 2022 and which obligations are eligible.

Find PIH Notice 2022-35 here.

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