In FY 2000 and beyond, how can PHAs fund their FSS escrow accounts?
PHAs will fund their escrow accounts as they have in the past: For public housing FSS programs, PHAs should continue to follow the procedure outlined in question C-1 of HUD’s May 1993 questions and answers on FSS which was included in HUD notices PIH 93-24 and PIH 94-59 (HA). Public housing families will pay their rent to the PHA in accordance with normal procedures and the PHA will credit the applicable portion of a family’s rent charge to the family’s FSS escrow account. For purposes of reporting the total monthly rent roll in the calculation of operating subsidy under PFS, a PHA is allowed to exclude the amount credited to the escrow account. For housing choice voucher FSS programs, the escrow credit is part of the PHA’s housing assistance payments cost that is requisitioned from HUD and reflected in the PHA’s housing assistance costs in its year-end statement. When a family’s earned income increases making the family eligible for an escrow credit, the FSS family will pay a higher r
