HUD Publishes Notice Detailing Public Housing Operating Fund Shortfall Grant Reporting

HUD has published Notice 2024-02pihn, “Shortfall Grant SF-425 Reporting Requirements.” In each fiscal year (FY) from 2020-2023, HUD has distributed $25 million per year in Public Housing Operating Fund Shortfall grants. The original grant information for FY 2020 and 2021 did not require agencies to provide a report for this funding; however, Notice 2024-02 clarifies that grant recipients for any years between 2020 and 2023 must submit an SF-425 for each year they received this funding. The notice discusses the following based on the year agencies received funding:  the period of performance, due dates for the SF-425, obligation and expenditure dates, and LOCCS policies. The first SF-425 submissions due are April 30, 2024 for FY 2022-2023 awards, and these two years will require annual submissions. 2020 forms are due in April 2025 and 2021 forms due in April 2026.

For more information on the Operating Fund Shortfall notice and context, see the January 15 edition of The NAHRO Monitor or 2024-02pihn.