24 C.F.R. § 1000.315
Is a recipient required to report changes to the Formula Current Assisted Stock (FCAS) on the Formula Response Form?
(a) A recipient shall report changes to information related to the IHBG formula on the Formula Response Form, including corrections to the number of Formula Current Assisted Stock (FCAS), during the time period required by HUD. This time period shall be not less than 60 days from the date of the HUD letter transmitting the form to the recipient.
(b) The Formula Response Form is the only mechanism that a recipient shall use to report changes to the number of FCAS.
Notes of Decisions
Cited in 4
cases, 2012–2017 · leading case: Modoc Lassen Indian Housing Authority v. United States Department of Housing & Urban Development
Modoc Lassen Indian Housing Authority v. United States Department of Housing & Urban Development (2017)
“See 24 C.F.R. §§ 1000.315 (a), 1000.319(a). And because HUD allocates funds to all tribes from a finite yearly pool, 7 see 25 U.”
Lummi Tribe of the Lummi Reservation v. United States (2012)
“12341 -42; see also 24 C.F.R. § 1000.315 (2007) (clarifying that the Formula Response Form is the only mechanism a recipient may use to report changes to the number of FCAS).”
Modoc Lassen Indian Housing Authority v. United States Department of Housing & Urban Development (2017)
“See 24 C.F.R. §§ 1000.315 (a), 1000.319(a). And because HUD allocates funds to all tribes from a finite yearly pool, see 25 U.”
Crow Tribal Housing Authority v. U.S. Department of Housing & Urban Development (2015)
“Under 24 C.F.R. § 1000.315 (a), tribes are required to use the Formula Response Form to make “corrections to the number of Formula Current Assisted Stock .”
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