AGENDA PACKET_2021-11-02 - Laserfiche WebLink

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EXHIBIT 2 Appendix E Calculation ofHUD-ConfirmedShortfallandShortfallAmount The amount that a PHA will be eligible to receive from the $110,000,000 set-aside will be -Year Forecasting Tool (see link) and the most Two-Year Forecasting Tool can be found at theOffice of Housing Choice Vouchers websitethat includes alink tothetwo-yeartool instruction page. The two-year tool compares all resources available (including CARES Act HAP for PUC 2021projectedthrough theend oftheCYbasedupon thebest informationavailable. Resources are calculated using the HUD-calculated RNP as of 12/31/2020, the HUD-held r 2021, and any new voucher incremental funding applicable to CY 2021 or set-aside amountsawarded orexpected to beawarded in2021. HAP expenses are calculated based on current leasing and expense data, projected through -aside funds, adjusted for accuracy if the PHA has more recent information that will impact the attrition rate in future months, as reported in PIC, and considering any updated information suppliedby thePHA. The requirement to suspend general voucher issuance is subject to the following exclusions: 1.VouchersissuedtocurrentHCVparticipantstoallowthemtomove. 2.ThereissuanceofturnovervoucherslosttoattritiononlyduringtheperiodthePHA is impacted by COVID 19; however, PHAs must not exceed the number of units leased at the time of the SPT confirmed shortfall. This unit cap may only be exceededbytheSPVslistedinitem4belowandvouchersreissuedfromtheLower- than-averageLeasingaward. In general, a PHA may reissue the turnover voucher to a family from the PHA waiting list, except for eligible VASH turnovers where a referral is provided by the Veterans Administration Medical Centers (VAMC), issue the voucher to a family moving from a Project-Based Voucher (PBV) unit in accordance with 24 CFR983.261,orusethe vouchertoabsorbafamilyunderportability.However, a PBV family that has the right to move in accordance with 24 CFR 983.261 and wishesto do so has priority fortheturnovervoucher. 3.Instances in which the PHA is leasing under the HUD-VASH program up to the baseline level of units under all HUD-VASH allocations (not just recent allocations),including turnoverofHUD-VASHvouchers.