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Legislative Updates
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AHMA-PSW’s Affordable Housing News 04/25/19
AHMA-PSW held their first Annual Legislative Day in Sacramento. The CA Legs & Regs subcommittee attended, and many meetings were held with Legislators and Staff from both the Assembly and the Senate – more to follow.
The integrated Subsidy Error Reporting System (iSERS), formally known as the Error Tracking Log, measures the dollar impact of corrections of identified income and rent deficiencies reported to HUD. The program objectives are to: detect and reduce errors in income and rent calculations; reduce rent underpayments and/or overpayments of residents; maximize participation of low-income families. Data error reporting targets future training, guidance and enforcement in areas where most of the errors are occurring. Additionally, the reporting monitors program administrators and ensures subsidy payments are being calculated correctly, all of which contribute in accountability to the Office of Management and Budget (OMB). This conference call is to finalize iSERS implementation schedule and lay out the tasks and activities to efficiently deliver iSERS from development or pilot stage to the production, operations and maintenance environment.
HUD has published a Federal Register Notice establishing Renewal Funding Inflation Factors (RFIFs) to adjust FY19 renewal funding for the Housing Choice Voucher program of each PHA. The applicable date is April 17, 2019. Renewal Funding Inflation Factors have been developed to account for the expected annual change in average PUC in the voucher program using historical program data, coupled with several economic indices used to capture key components of the economic climate. The notice apportions the expected percent change in national Per Unit Cost (PUC) for the HCV program, 4.00 percent, to each PHA based on the change in Fair Market Rents for their operating area to produce FY19 RFIFs. HUD’s FY19 methodology is the same as that used in FY18. To view the HUD Notice, 2019 RFIF table based on geographic area, and 2019 data, please click here.
