Operating Fund Federal Financial Report (SF-425) Submission Process
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Summary
AI summary — grounded in the notice text
This notice establishes a new requirement for PHAs to submit the Federal Financial Report (SF-425) in the Public Housing Portal to report on Operating Subsidy and program income, beginning with FY2026 Operating Subsidy grants. It details reporting periods, deadlines for annual and supplemental SF-425 submissions, recapture of unliquidated funds, record retention rules, and enforcement actions for noncompliance. PHA staff need this to understand new annual reporting obligations and timelines tied to their Operating Fund grants.
Key Quotes
Verbatim from the notice
“Beginning with their Fiscal Year (FY) 2026 Operating Subsidy, PHAs will be required to submit SF-425s in the Public Housing Portal for each Operating Subsidy grant on an annual basis”
Verbatim from the notice
“This notice is effective upon publication.”
Key Dates
- Published
- Jul 9, 2025
- Effective
- Jul 9, 2025
Compliance deadlines
- Jul 9, 2025Notice is effective upon publication