Operating rule formula won't hit until 2007

An important correction in the Federal Register today changes several dates in September's Public Housing Operating Fund final rule. The changes are described as making clear that the new operating fund formula is to take effect in 2007, giving housing authorities an extra year to make the necessary transitions.

[MORE: NLIHC characterizes the delay as a response to "pressure from housing authority trade groups," and says that an email, apparently from HUD to advocates, warned: “Nothwithstanding these corrections to the dates for implementation of the formula, other provisions of the rule, including the move to asset management, are not changed.”]