NH&RA Letter Urges HUD to Issue Guidance to PHAs on Allocating Relief Funding to Mixed-Finance Properties

NH&RA sent a letter to HUD calling for guidance to PHAs on the distribution distributing of relief funds to mixed-finance properties as well as traditional public housing properties. The letter outlines the economic distress mixed-finance properties are experiencing as a result of the COVID-19 pandemic. The letter requests that HUD issue immediate guidance to PHAs directing them to distribute supplemental funding to all Asset Management Projects (AMPs) that would otherwise qualify for operating subsidy (including mixed-finance developments), in accordance to the terms of each mixed-finance R&O agreements.