[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: 24CFR990.225]



[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.  990.225  Transition determination.



    The determination of the amount and period of the transition funding 

shall be based on the difference in subsidy levels between the formula 

set forth in this part and the formula in effect prior to implementation 

of the formula set forth in this part. The difference in subsidy levels 

will be calculated using FY 2004 data. When actual data are not 

available for one of the formula components needed to calculate the 

formula of this part for FY 2004, HUD will use alternate data as a 

substitute (e.g., unit months available for eligible unit months, etc.) 

If the difference between these formulas indicates that a PHA shall have 

its operating subsidy reduced as a result of this formula, the PHA will 

be subject to a transition policy as indicated in Sec.  990.230. If the 

difference between these formulas indicates that a PHA will have its 

operating subsidy increased as a result of this formula, the PHA will be 

subject to the transition policy as indicated in Sec.  990.235.



[70 FR 54997, Sept. 19, 2005; 70 FR 61367, Oct. 24, 2005]