HUD published a memorandum titled Clarifications of Housing Notice H 2012-14, Use of New Regulation Section 8 Housing Assistance Payments (HAP) Contracts Residual Receipts to Offset Project-Based Section 8 Housing Assistance Payments.
A copy of the memorandum may be found here: http://www.nahma.org/member/New%20HUD%20Docs/Residual%20Receipts%20HsngNotice%20and%20FAQs%20H%202012-14.pdf
The memorandum contains a frequently asked questions (FAQ) document that is intended to clarify certain provisions of Notice H 2012-14. Because processing residual receipts to offset HAP payments begins this month, NAHMA encourages you to review the document as soon as possible.
Additional questions regarding Notice H 2012-14 and its FAQs may be submitted to Eric Ramsey (Eric.Ramsey@hud.gov).