Working Capital Management Working Capital Finance | Page 8

Inventory Finance
The obligations of PHA are also subject
to the availability of appropriations by
the Congress and compliance with both
the
regulatory
and
statutory
requirements. A written approval by the
HUD is required for all the capital
funding transactions that pledge, obstruct
or provide security interest in other
property or public housing assets
including capital funds and use them for
debt payment or financing costs.
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Inventory Finance
A PHA is required to submit a financial
proposal in order to get the HUD
approval. It includes a term sheet,
complete financial documents and
justification for use of the capital funding
for financing. The guidelines for CFFP
program are listed below:
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