HUD Publishes Revised Form ACC and Mixed Finance ACC Amendment

HUD published proposed revised forms of the Public Housing Authority Annual Contributions Contract (ACC) and Mixed Finance Amendment to the ACC (MFACC Amendment) for public review and comment. HUD also published a side-by-side comparison chart of the revisions to the ACC, and redline versions of the ACC and MFACC Amendment. According to HUD, the ACC and MFACC were revised after the 2018 ACC Notice comment period as follows:

• deletion of the term “HUD Requirements,” which term would have required PHA compliance with HUD-issued notices;
• deletion of the definitions for “Operating Receipts” and “Program Receipts,” which definitions appeared to restrict all program and operating funds to public housing expenditures;
• exclusion of all mixed-finance specific language from the ACC and incorporation into the MFACC;
• replacement of broad authority to reduce, offset, terminate, recapture, withhold, suspend, and reduce grant funding with “remedies allowed by the Public Housing Requirements”;
• deletion of unrestricted access to PHA records; and
• inclusion of specific PHA acceptance language and required execution by HUD and the PHA.