On June 7, 2024 new state regulations went into effect. These new regulations include the increase in Tenant Participation Funds from $6/unit/year to $25! That means that after June 7, you can request additional Tenant Participation Funds.
EOHLC has provided this information in Public Housing Notice 2024-07:
“Amended LTO funding is effective June 7, 2024. To receive an increase in funding, LTOs must submit a revised budget for LHA approval that reflects the increase in LTO funding authorized by the revision of 760 CMR 6.09(3)(c). Once an LTO budget is approved by the LHA, the LHA will then disburse the revised LTO funding. The LHA should account for the LTO increase in any budget revision. No action is required if the LTO’s budget would not increase based upon the new per occupied unit funding.”
For example, if your LTO represents 50 units:
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- You should have already received $500 in Tenant Participation Funds.
- Your new Tenant Participation Funding amount is $1,250 (50 x 25).
- With your community, create a new budget showing how you will spend the $1,250. See ideas here.
- Submit the budget to your Housing Authority. Since you already received $500, you will now request $750 additional funds. USE THIS FORM.
- If need be, show your Housing Authority PHN 2024-07.
Contact us if you encounter problems with this process.
RESOURCES
LTO Budget Template – Must be presented to your community, then the Housing Authority. Your Housing Authority cannot negotiate the amount down.
LTO Budget Template – Midyear Increase Request – Use this form to request funds between June 7, 2024 and the start of your next fiscal year.