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EXHIBIT 2 <br />4 <br />to PHAs and specifically describes this calculation as well as the protected categories of <br />eligibility. <br />5.Set-aside of up to $110 million to Adjust PHA Allocations. HUD has authority to provide <br />eligible PHAs in accordance with need, as determined by HUD, following an application by <br />the PHA as described in Section 13 of this notice. Awards could be reduced, in whole or in <br />part, if PHAs have available reserves RNP and/or HUD-held reserves) above a reasonable <br />threshold, as defined by the Secretary, and/or prorated if the $110 million is insufficient to <br />cover all awards. Additionally, HUD reserves the right to fund one, some, or all of the <br />categories. <br />Set-AsideCategories: <br />Category1:PreventionofTerminationsDuetoInsufficientFunding(Shortfall) <br />Category2a:UnforeseenCircumstances <br />Category2b:Portability <br />Category3:Project-BasedVouchers(PBV) <br />Category4:HUD-VASH <br />Category5:Lower-than-averageLeasing <br />Category6:Disaster <br />The above numbering of the categories does not reflect priority; however, HUD reserves the <br />righttoprioritize or limitCategory1:Preventionof TerminationsDue toInsufficient <br />Funding. Please refer to Section 13 of this notice for more details about theset-aside <br />categories, eligibility requirements, and submission deadlines. PHAs may apply for more than <br />one category of funding and the funding provided within categories 2 6 does not impact the <br />awardamount oftheothercategories(applicableonlyto categories 26). <br />PHAs administering Mainstream Vouchers may apply for categories 1, 2a, and 2b. For <br />additionaldetails on how toapply, pleasereferto Section13. <br />6.TenantProtectionVouchers(TPVs). <br />a.Definition. TPVs are provided to protect HUD-assisted families from hardship as the <br />-Rent) and <br />Multifamily Housing portfolios. Therefore, if the PHA applies for and is awarded <br />replacementTPVs,itmustofferthereplacementTPVsintheformoftenant-basedoras <br />4 <br />project-basedassistancetoeligiblefamiliesimpactedbytheconversion.Undercurrent <br />HUDpolicy,asfurtherdescribedbelow,replacementTPVsarealsoprovidedforvacant <br />unitsthatwereoccupiedbyanassistedfamilyintheprevious24months.Relocation <br />4 <br />Thisstatementsupersedesthelastsentenceinfootnotes5and6ofPIH2018-09,whichstatedthataPHAcannot <br />offerimpactedresidentsanotherformofcomparablehousing(i.e.anotherpublichousingunit,aRADunit)ifit <br />applies forandreceivesTPVsforthePublicHousingaction.WhilethePHAisrequiredtoofferthereplacement <br />TPVtotheeligibleimpactedfamily,inthecontextofPublicHousingconversions,thePHAhasdiscretion,atthe <br />time oftheTPVoffer,toinformallfamiliesthatthefamilyis notrequiredtoaccepttheTPV,andthat,ifthe <br />familychooses,atthesolediscretion,nottoaccepttheTPV,thePHAintendstoofferthefamilyanother <br />formofhousing. <br /> <br />