HUD Sends Email on Transition Funding Issue in Form-52723

On January 24, HUD sent out an email notifying PHAs that there is an issue with the calculation of Transition Funding in the PHA HUD-52723 tool. According to HUD, PHA tools are not calculating Transition Funding for PHAs that have one project initially approved for stop loss and that continue to comply with asset management requirements. HUD is currently working on the issue and notes that they do not expect the solution to impact the PHA tools. HUD notes that PHAs experiencing this issue should proceed to submit their tools to their Field Offices within the published timeline/deadline, and that impacted PHAs should indicate that they are eligible for Transition Funding and specify the amount in the comments section of the PHA tool.

PHAs should contact their Field Office if there are any questions or concerns.