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HUD/PIH RIN: 2577-AC49 Publication ID: Spring 2011 
Title: Use of Public Housing Capital Funds for Financing Activities (FR-4843) 
Abstract: This final rule implements a program to allow public housing agencies (PHAs) to use proceeds of their Capital Fund program for financing activities, including payment of debt service and housing development and modernization activities. A PHA may grant a security interest in future Capital Fund grants, subject to the appropriation of those funds by Congress. This final rule follows a proposed rule that addressed use of public housing Capital Funds and operating funds for financing activities, and takes into consideration the public comments received on that rule. This final rule addresses only use of public housing Capital Funds for financing activities. Given the public comment received on the proposed rule, HUD determined further consideration must be given to HUD's proposal for use of operating funds for financing activities. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 24 CFR 905    24 CFR 990   
Legal Authority: 42 USC 1437g    42 USC 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/18/2007  72 FR 39546   
NPRM Comment Period End  09/17/2007    
Final Action  10/21/2010  75 FR 65198   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jeffrey Riddel
Director, Capital Program Division
Department of Housing and Urban Development
Office of Public and Indian Housing
451 7th Street SW.,
Washington, DC 20410
Phone:202 402-7378