§ 990.120. Unit months.
136 words·~1 min read·
/us/cfr/t24/s§ 990.120·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Some of the components of HUD's Operating Fund Formula are based on a measure known as unit months. Unit months represent a PHA's public housing inventory during a specified period of time. The unit months eligible for operating subsidy in a 12-month period are equal to the number of months that the units are in an operating subsidy-eligible category, adjusted for changes in inventory (e.g., units added or removed), as described below.
(b)A PHA is eligible to receive operating subsidy for a unit on the date it is both placed under the ACC and occupied. The date a unit is eligible for operating subsidy does not change the Date of Full Availability
(DOFA)or the date of the End of Initial Operating Period (EIOP), nor does this provision place a project into management status.