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7.04.2007

HUD Stop Loss

Under the new Operating Fund rule, PHAs that will experience a decline in funding can have their losses “stopped” by demonstrating a successful conversion to asset management, i.e., “stop-loss.” This website contains information for PHAs regarding Stop-Loss.

 - PIH Notice 2007-16, This notice provides information for public housing agencies (PHAs) that wish to submit documentation of successful conversation to asset management in order to discontinue their reduction in operating subsidy. (new)
 - PIH Notice 2006-35, This notice amends PIH notice, PIH 2006-14 (HA), issued, March 22, 2006, to extend the application submission deadline to qualify for the first stop-loss deadline to April 15, 2007. As provided in PIH 2006-14, stop-loss applies only to PHAs that [...]
 - PIH Notice 2006-14, Operating Fund Program Final Rule: Transition Funding and Guidance on Demonstration of Successful Conversion to Asset Management to Discontinue the Reduction of Operating Subsidy, issued March 22, 2006.
 - Demonstrating Successful Conversion To Asset Management: A Site Visit to the Charlotte Housing Authority
 - Stop-Loss Submission Kit
 - Stop-Loss Kit Fillable Forms
 - Attachment A - Check List Required Information
 - Attachment B - PHA Data Form
 - Attachment C - Certification of Long Term Capital Planning
 - Attachment D - Certificate of Compliance with Risk Management Responsibilities
 - Description of How Management Services Are Arranged
 - Sample Fillable Excel Site Budget Form
 - Frequently Asked Questions
 - Frequently Asked Questions - Stop Loss Extension
 - Frequently Asked Questions - Fee for Service - This is in response to recently received questions from PHAs that are preparing their Year 1 Stop Loss applications.(Posted: March 16, 2007)
 - Additional Frequently Asked Questions Related to Stop Loss - Part I - As the deadline for Year One applications for stop loss approaches, PHAs have generated a number of questions. (Posted: March 21, 2007)
 - Additional Frequently Asked Questions Related to Stop Loss - Part II (Posted: April 3, 2007)