HUD issued notice H 2011-01 on January 5, 2011, providing the regulatory reporting requirements and guidance for legal entities receiving federal assistance. Rental assistance payments made under Project-Based Section 8 or Section 202 or 811 Project Rental Assistance Contracts are covered under these requirements. Owners must obtain a DUNS number and have an active, valid registration in CCR within 60 days of the publication date of this Notice. An owner’s failure to obtain a DUNS number and CCR registration within the timeframe allotted may result in the suspension of housing assistance payments or rental assistance payments.
The notice includes guidance for the following:
· Background on Public Law 109-282, The Federal Funding Accountability and Transparency Act of 2006
· Deadline for obtaining DUNS Numbers and Registration in CCR
· Process for Obtaining a DUNS Number and Registration in CCR
· Utilization of CCR and DUNS information
The Notice is posted on HUDCLIPS at:
http://www.hud.gov/offices/adm/hudclips/notices/hsg/
It is critical that all multifamily owners receiving Project-Based Section 8, 202, or 811 rental assistance obtain the notice and follow it’s guidance no later than March 5, 2011 in order to avoid potential loss of subsidy.