What is the purpose of an ACC?

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Multiple Choice

What is the purpose of an ACC?

Explanation:
The ACC, or Annual Contributions Contract, is the legal agreement between HUD and a Public Housing Agency that sets up the ongoing funding for the public housing program. Its primary purpose is to provide the federal subsidies needed for a PHA to operate public housing, cover operating costs, and fund modernization or capital needs over time. Because it establishes and authorizes these funds, the ACC is the mechanism that ensures the PHA has the financial resources to run its program. Other functions—such as setting housing standards, monitoring pest control, or administering tenant vouchers—are handled through separate programs and standards, not through the ACC.

The ACC, or Annual Contributions Contract, is the legal agreement between HUD and a Public Housing Agency that sets up the ongoing funding for the public housing program. Its primary purpose is to provide the federal subsidies needed for a PHA to operate public housing, cover operating costs, and fund modernization or capital needs over time. Because it establishes and authorizes these funds, the ACC is the mechanism that ensures the PHA has the financial resources to run its program. Other functions—such as setting housing standards, monitoring pest control, or administering tenant vouchers—are handled through separate programs and standards, not through the ACC.

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