HUD renews financial reporting requests for housing operating-fund shortfalls
Published Date: 6/16/2025
Notice
Summary
HUD wants to keep collecting info from housing groups about money shortfalls to make sure funds are used right. They’re asking for public feedback by July 16, 2025, before finalizing the forms and process. This affects housing providers who get operating funds and helps HUD track and manage financial gaps better.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Shortfall Program funding and reserve target
The Operating Fund Shortfall Program was created in FY 2021 with a $25 million set-aside in the Public Housing Fund to assist PHAs experiencing or at risk of financial shortfalls. Funding is targeted to PHAs with the lowest public housing reserves and is allocated to raise PHAs' reserves to two months of expenses, and PHAs receiving funds must create Improvement Plans to address financial issues.
New HUD shortfall reporting burden for PHAs
If you run a Public Housing Agency (PHA), you must submit short-form budgets, Improvement Plans, Shortfall Program applications and appeals using forms HUD-50093, HUD-50094, HUD-50095, and HUD-50096 (and SF-425 where applicable) through a HUD web portal. HUD estimates the collection will produce a total annual burden of 503.29 hours and an annual cost of $23,337.56 across respondents, with specific line items shown for each form (for example, HUD-50093: 187 responses, 1 hour each).
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