AGENDA PACKET_2021-11-02 - Laserfiche WebLink

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EXHIBIT 2 18 funding allocation, including mainstream vouchers, for public housing agencies that experience a significant increase in voucher per-unit costs due to extraordinary circumstances or that, despite taking reasonable cost savings measures, would otherwise be Accordingly, HUD will use its discretion to prioritize the 2021 HAP set-aside or ARPA funds for Shortfall Prevention and PUC Increases (referred to as Category 1 Prevention of Terminations Due to Insufficient Funding (Shortfall) and Category 2a Unforeseen Circumstances in this notice). Finally, the FMD will accept both Appendices under the 2021 HCV Funding Notice HAP set aside, Appendix F for Category 1 and Appendix G for Category 2a) and the forthcoming ARPA Notice for these purposes, to ensure PHAs donot haveto resubmit applicationsunderPUCIncreaseorShortfalls. SET-ASIDECATEGORIESANDELIGIBILITYANDSUBMISSION REQUIREMENTS: A.Category 1 Prevention of Terminations Due to Insufficient Funding (Shortfall) This category of HAP set-aside is for PHAs that, despite taking reasonable cost savings measures as determined by the Secretary, would otherwise be required to terminate participating families from the program due to insufficient funds, also known as funding shortfalls. Note that there are two options related to shortfalls for which PHAs may be eligible for funding under this category: the regular HCV Programand/orMainstream Vouchers. To be eligible forfunding under this category, the PHA mustmeet the criteria outlined below andmust submit 2021 Appendix F PHA Application for Category1,PreventionofTerminationsDueto InsufficientFunding(Shortfall)and PHA Certification of Reasonable Cost Savings Measures Undertaken to Prevent TerminationofHCVParticipants DuetoInsufficientFunds. In addition to preventing terminations in the regular HCV Program due to insufficient funding, this set-aside funding is also available to prevent terminations of Mainstream Vouchers. A PHA administering Mainstream Vouchers may apply for and receive shortfallfunds inaccordancewith therequirements described below. In cases where the Mainstream PHA also administers regular HCVs, the shortfall determination is program specific (e.g., in determining whether the PHA is in a confirmed shortfall with respect to Mainstream Vouchers, only Mainstream Voucherfundingistakenintoconsideration,nottheregularHCVfunding). A PHA that is experiencing a shortfall in the regular HCV Program and Mainstream Vouchers must indicate the application is covering a request for funds for both Mainstream and regular HCVs by checking both boxes on Appendix F Set-aside funding awarded to the PHA is specific to either the Mainstream Vouchers or regular HCVs and may not be used interchangeably by the PHA. For example, shortfall funding awarded for Mainstream Vouchers may not be used for regular HCVs. HUD willindicatethespecific amountandthetypeofvoucherthe fundingisdesignatedfor intheaward letter.