State housing agencies can now hand off their contracts to federal administrators

The US Housing and Urban Development Department clarified how state housing agencies can transfer their housing assistance contracts. This means state agencies can more easily offload the administrative burden of these contracts to federal administrators.

For years, state housing agencies have managed federal housing assistance payments. This rule makes it easier for them to transfer those duties to federal administrators. It also clarifies how the money held in reserve for these contracts moves with the administration duties.