[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR990.220]



[Page 720]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 990_THE PUBLIC HOUSING OPERATING FUND PROGRAM--Table of Contents

 

           Subpart F_Transition Policy and Transition Funding

 

Sec.  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.