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EXHIBIT 2 <br />7 <br />Note that all additional TPV funding is subject to available appropriations. Questions <br />concerning the TPV adjustment process described above may be sent to <br />PIHConversionActions@hud.gov. <br />g.FosterYouthtoIndependencenolongerfundedthroughTPVs.OnJuly26,2019, <br />HUDissuedNoticePIH2019-20,TenantProtectionVouchersforFosterYouthto <br />IndependenceInitiative.ThenoticeannouncedaninitiativetoprovideTPVsforyouth <br />eligibleundertheFamilyUnificationProgram(FUP)incommunitiesthatdonot <br />administerFUP.HUDisnolongerprocessingrequestsforTPVsunderthatnoticefor <br />FUP-eligibleyouth.TPVsawardedunderNoticePIH2019-20mustcontinuetooperate <br />under therequirementsofthenotice.Thisincludesturnoverrequirementsandthe <br />requirementtoinformHUDshouldayouthnotuseavoucherorleavetheprogram.On <br />October6,2020,HUDissuedNoticePIH2020-28,FosterYouthtoIndependence <br />Initiative,whichexplainstheeligibilityandapplicationrequirementsforFYIvouchers <br />tobemadeavailableforeligibleyouthnon-competitively.Additionally,HUD <br />announcedtheFYICompetitiveNoticeofFundingAvailability(NOFA)onJanuary19, <br />2021,making$20millionavailablecompetitivelyforFYI,withanapplicationdeadline <br />ofMarch 22,2021. <br />7.Funding for Administrative Costs. The 2021 Act provides $2,159,000,000 for <br />administrative expenses of PHAs administering the HCV Program (see Appendix A for <br />Appropriations text). Of the appropriated amount, no less than $2,129,000,000will be <br />availableforongoingadministrativefeesandfeesfornewvouchersandupto$30,000,000 <br />will be made available to allocate to PHAs that need additional funds to administer their <br />COVID-19eligibleexpensesasauthorizedinCY2020bytheCARESAct. <br />A.Ongoing Administrative Fees and Administrative Fees for New Vouchers. <br />Ongoing administrative fees and administrative fees for new vouchers are allocated <br />based on leasing. These administrative fees are calculated for CY 2021 as provided <br />for by Section 8(q) of the United States Housing Act, and related Appropriation Act <br />provisions, as in effect immediately before the enactment of the Quality Housing and <br />Work Responsibility Act (QHWRA) of 1998 (P. L. 105-276). Under this calculation, <br />PHAs are allocated a fee amount for each voucher that is under HAP contract as of <br />the first day of each month. Administrative fees for new incremental vouchers are <br />alsoallocated based on leasing. <br />1.Proration and Reconciliation of Administrative Fees: HUD is developing and <br />will post administrative fee rates for each PHA to enable PHAs to calculate <br />potential fee eligibility. An announcement will be made when they become <br />http://portal.hud.gov/hudportal/HUD?src=/program_offices/public_indian_housin <br />g/programs/hcv. <br />HUDdisbursesadministrativefeestoPHAseachmonthbasedonactualleasing <br />reconciled after every quarter based on actual reported leasing, adjusted by an <br />estimatedprorationbasedontotalannualfundingforadministrativefees.HUD <br /> <br />