PIH Clarifies Section 18 Eligible Use of Proceeds for PHAs

HUD recently released Notice PIH 2020-23 outlining the eligible uses of Section 18 Disposition or Section 22 Voluntary Conversion funds Public Housing Authorities (PHAs) gain from the sale, transfer, ground lease or disposition of their properties. Among other things, the notice identifies acceptable uses of both net and gross proceeds, all applicable reporting and record-keeping requirements for the receipt and expenditure of proceeds, and the various recapitalization programs under which PHAs may utilize funds pursuant to Section 18. Interested parties may submit comments to sacta@hud.gov or by mail to HUD’s Special Applications Center at 77 W. Jackson Blvd. Chicago, IL 60604.