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When calculating Capital Fund obligation rates, should housing Replacement Funds be excluded?

April 26, 2017calculating Capital excluded fund funds HOUSING obligation rates replacement

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When calculating Capital Fund obligation rates, should housing Replacement Funds be excluded?

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Replacement Housing Factor funds are not excluded from the calculation of Capital Fund obligation rates, pursuant to 24 CFR 905.10(i), as they are a part of the Capital Fund Program formula allocation.