AGENDA PACKET_2021-11-02 - Laserfiche WebLink

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EXHIBIT 2 22 the application to be considered. Failure to provide any of the required documents and informationwill resultin denial oftheapplication. 2021. B.Category2b -Portability:Tobeeligibleforfundingunderthiscategory,thePHAmust have experienced a significant increase in renewal costs due to portability for tenant- basedrental assistanceunderSection8(r)oftheAct. The 2021 Act provides that the set-aside is also available to assist PHAs that have experienced a significant increase in Mainstream renewal costs due to portability. A PHA may apply for and receive set-aside funds for Mainstream Vouchers under this portabilitycategory. In cases where the Mainstream PHA also administers the regular HCVs, the increased cost due to portability determination is voucher funding specific (e.g., for Mainstream Vouchers, HUD will consider only Mainstream Voucher portability costs and A PHA that is experiencing increased renewal costs due to portability for both the regular HCVs and their Mainstream Vouchers must check off both types on their applicationattachment. Set-asidefundingawardedtothePHAisvoucherspecificandmaynotbeused interchangeably by the PHA. For example, HAP set-aside portability funding awardedforMainstreamVouchersmaynotbeusedfortheirregularHCVs. To determine eligibility and calculate funding under this category for regular HCVs, HUD will compare the average HAP Per Unit Cost (PUC) for the re-benchmarking period(January1,2020toDecember31,2020)to theaveragePort-outVouchersHAP PUC based on year-to-date reporting in PIC (as of April 1, 2021). If the portability average HAP exceeds 110% of the HCV Program-wide average HAP PUC for the re- benchmarking period, the PHA will be eligible for set-aside funding. The difference between the portability average PUC and 110% of the program-wide average PUC is multiplied by the year-to- reported in PIC, extrapolated to12 months. To determine eligibility and calculate funding under this category for Mainstream Vouchers, HUD will follow the same process, only all the PUCs and UMLs used will beforMainstream Vouchers insteadoftheregularHCVs. SUBMISSION: HUD calculates eligibility under this category, therefore, no additional documentation will be required or accepted other than Appendix H, which mustbecompleted, signed andsubmitted by thedeadlinedate. 2021.