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AGENDA PACKET_2021-11-02
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AGENDA PACKET_2021-11-02
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City Clerk
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11/2/2021
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EXHIBIT 2 <br />33 <br />D.FundingAwardCalculationsforPHAs.Thefundingawardamountwillbecalculated <br />asfollows: <br />CY2020 HAP renewal PUC. <br />TheActual2020PUCiscalculatedbydividingthetotalCY2020 <br />HAPcosts by total CY2020 UMLs. <br />renewalEnclosureAonline29,whereitisdescribedastheCY2020 <br />InflatedPUC. <br />fundingamount. <br />If the PHA was previously awarded funding under either the CY 2020-Unforeseen <br />Circumstances category or the CARES Act HAP Supplemental Funding for PUC <br />Increases,thepreliminaryfundingamountwillbereducedbytheamountoftheprevious <br />fundingaward(s)to determinethefundingeligibility. <br />ExampleFundingEligibilityCalculation <br />1Actual2020PUC$800 <br />2CY2020 PUC(2020HCV$705 <br />RenewalEnclosureA, line29, <br />described as CY 2020 Inflated Per <br />Unit Cost) <br />3DifferencebetweenthePUCs$95 <br />4Is the difference between to the twoYes <br />13.4% <br />PUCs 2% or greater than the CY <br />(800/705=1.134) <br />2020PUC(Line1dividedbyLine2, <br />mustbegreaterthan1.02)? <br />5CY2020UnitMonthsLeased4800 <br />6EligibleFunding(Line3*Line5)$456,000 <br />7PreviouslyAwardedCARES$0 <br />ActHAPSupplementalFunding <br />and 2020 Set-aside Round One <br />UnforeseenCircumstances <br />8Fundingeligibility(Line7Line8)$456,000 <br />E.Priority Status <br />12/31/2020 HAP reserve balance. HUD will then divide the total validated 2020 HAP <br />expenses from VMS by 12 to determine the CY 2020 average monthly HAP expenses. If <br />thatamountmultipliedby2exceedsthe2020HAPreservebalance,thePHAapplication <br />qualifiesforPriority Status. <br /> <br />
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