What must the IHA do regarding late billing?

The correct answer emphasizes the necessity for the Intermediary Housing Authority (IHA) to communicate clearly with the Regional Housing Authority (RHA) regarding their policies on late billing. By notifying the RHA in writing that late billing will not be accepted, the IHA sets a definitive policy that helps prevent confusion and ensures that all parties understand the expectations and consequences related to late payments. This proactive communication is essential for maintaining compliance and fostering clear operational procedures.

Establishing a non-acceptance policy allows the IHA to enforce timelines that uphold financial management standards and encourage timely billing and payments. This approach is crucial in the context of housing assistance programs, where financial stability and accountability are vital for the sustainability of such programs.

Being transparent about the non-acceptance of late billing can also help to mitigate disputes or misunderstandings between the involved parties, ultimately contributing to better financial management practices within the housing assistance framework.