HUD has posted Notice PIH 2012-24 “Rent to Owners in subsidized projects under the Housing Choice Voucher (HCV) program” (May 22, 2012). The Notice provides guidance to PHAs on how to determine the rent to owner for an HCV tenancy when the participant family chooses to lease a unit under the HCV program in subsidized projects. The Notice supersedes PIH Notice 2011-1.
It applies to the following types of federally-subsidized projects:
· An insured or non-insured Section 236 project;
· A Section 202 project;
· A Section 221(d)(3)3 below market interest rate (BMIR) project; or
· A Section 515 project of USDA’s Rural Development Program.
A copy of Notice PIH 2012-24 may be found here: http://portal.hud.gov/huddoc/12-24pihn.pdf