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HUD PUBLISHES OPERATING PLAN IN CASE OF GOVERNMENT SHUTDOWN

Friday, April 8, 2011 - 1:00AM

The U.S. Department of Housing and Urban Development (HUD) today released its Contingency Plan for Possible Lapse in Appropriations to be followed in the event that  Congress is unable to reach agreement on a final budget, or another continuing resolution, for fiscal year 2011 funding, resulting in a government shutdown at midnight. According to the plan, HUD would continue to disburse Recovery Act, Community Development Block Grants, HOME and Neighborhood Stabilization Program funds in cases where failure to do so would pose a threat to life or personal property. Multifamily developments that are scheduled to close or meet critical deadlines under FHA, Section 202 or 811 during the shutdown period would not be affected. HUD would also continue to fund and renew original term Section 8 contracts where there is budget authority available from prior appropriations.

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