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EXHIBIT 2 <br />6 <br />6 <br />f.TPVFunding.HUDcalculatesTPVfundingforalleligibleTPVactions(including <br />thoseinthePublicHousingandMultifamilyHousingportfolios)basedontheaverage <br />PerUnitCost(PUC)intheHCVprogram.IfthePHAthatwilladministerthe <br />TPVshasconcernsregardingthesufficiencyoftheTPVfundingbasedonitsaverage <br />PUC,thePHAcaneither:(a)requestanupfrontincreasedPUCalongwiththeTPV <br />fundingapplication,or(b)requesthigherTPVfundingafterthePHAhasalready <br />submittedtheTPVfundingapplication,ifatthetimethatthePHAsubmitstheTPV <br />fundingapplicationthePHAisunsureifitwillneedadditionalfunding(e.g.thePHAis <br />unsureoftheactualcoststhatjustifyanincreasedPUC).Ineithercase,thePHAmust <br />submittherequestbyemailtothePortfolioManagementSpecialistattheHUD <br />PIHFieldOffice,withcopytotheFieldPublicHousingDirector.IfthePHA <br />doesnotknowtheirassignedPortfolioManagementSpecialist,thePHAmayemailthe <br />FieldPublicHousingDirectorforassistance.ThePHAmustjustifythe <br />requestedincreasebyprovidingevidenceofrentamountsthatresultinhigherHAPcosts <br />andajustificationexplainingthattherentsarereasonable.7 Ataminimum,thePHAmust <br />submititsrentreasonablenessanalysisandabudgetauthoritygapanalysisthatincludes <br />thefollowingdata: <br />UnitType/BedroomSize <br />CountofUnitsbyType/BedroomSize <br />ContractRent <br />UtilityAllowance(ifownerpaid) <br />MonthlyTotal(ContractRent+UtilityAllowance) <br />ResidentRent <br />Monthly/Annualsubsidyneedbyunitandproperty <br />and/or projected subsidy costs are appropriately calculated and may follow-up with the <br />PHAifadditionalinformationisneeded.IftheFieldOfficedeterminesthattheincreased <br />PUC is appropriate, they will notify HCV FMD of the revised need via a Field Office <br />documentation (and the TPV funding application, if applicable), to <br />PIHConversionActions@hud.gov. <br />The following additional requirements also apply where the PHA is submitting its request <br />forincreased TPVfunding subsequentto theTPVaward: <br />The following additional information must be submitted with the request: Housing <br />Assistance Payments contract(s), Monthly/Annual subsidy provided in the TPV <br />award,and ACC letterreflecting theTPVaward. <br />PHAscanapplyforhigherPUCsduringthetimeoftheirinitialfundingincrement. <br />The effective date for TPV increments is provided in the amended ACC letter sent <br />from the FMC to PHAs. Once the initial funding increment is renewed, no <br />additionalPUC will beprovided. <br />6 <br />The provided in this section applies to all TPV actions, including those in the Public Housing and Multifamily <br />Housing portfolios. <br />7 <br />Rentreasonablerequirementsarefoundinregulationat24CFR982.507and24CFR983.303,asapplicable.Rent <br />reasonablenessguidance maybe found intheRentReasonablenessChapter oftheHCV Guidebook. <br /> <br />