AGENDA PACKET_2021-11-02 - Laserfiche WebLink

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EXHIBIT 2 19 Note: In determining a shortfall for HCV and/or Mainstream Vouchers and the amount of funding to be provided, HUD will use the HCV Two-Year Projection Tool. PHAs should refer to Appendix E of the notice, which provides the criteria HUD will use to determine if the PHA has a HUD-confirmed shortfall and the -Year Forecasting Tool and the instructions for it can be found through a link on theOffice of Housing Vouchers website. Depending on the number of applications and amount of total eligibility, HUD reserves the right to prioritize awards for the Prevention of Terminations Due to Insufficient Funding (Shortfall) category and may need to prorate eligibility for other categoriesoftheset-aside. Inegregious situations, for PHAsnot followingHUD Shortfall Prevention Team(SPT)guidanceonvoucherreissuance,HUDreservestherighttofurther requireaPHAtorescindrecentlyissuedvoucherstoattainfullset-aside eligibility. PHAs with specific questions related to the calculation and determination of a HUD- confirmed shortfall should contact the SPT at: 2021ShortfallInquiries@hud.gov.The subjectlineoftheemailmustincludethenumber(for example,TX001). PHAs applying for shortfall funding must send their application to 2021Shortfallapplications@hud.gov.The subject line of the email must include the Application -HCV) and indicate if the application is for the regular HCV Program and/orMainstream Vouchers orboth. SUBMISSION:AppendixFasapplicable. DEADLINE:The application period will remain open. PHAs may apply at any time during the application period. PHAs that receive set-aside funds based on their current HAP costs may find additional funding is needed later in the year; however, theydonotneedtoreapplytoreceive additionalfunding.TheSPTwillautomatically d additional funding in accordance with its established set-aside funding priorities and available funding. PHAs that have concerns about potential shortfalls should be in contactwith the HUD field office or SPT, regardless of whether they are currently in ashortfall situation. B.Category 2a -Unforeseen Circumstances: PHAs should be aware that an unforeseen circumstance is an occurrence within or after the re-benchmarking period which the PHA adjustments for this category are based on cost increases occurring in CY 2021. MainstreamVouchersareeligibleto applyforthiscategoryofset-aside funding.