AGENDA PACKET_2021-11-02 - Laserfiche WebLink

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EXHIBIT 2 47 decrease the possibility of an increased shortfall. PHAs must adhere to the eligibility requirementsdetailed inSection 13ofthisNoticeorasupersedingnotice. Factors considered by the SPT to determine the amount of a potential shortfall will be determinedas follows: a.Cash Supported Total Reserves as of 12/31/2020: SPT will use the Cash Supported Total Reserves as of 12/31/2020, which consists of the HUD-Held Reserve, and the lower of HUD-Estimated RNP, PHA Reported RNP as of 12/31/2020, or the actual amount of cash on hand to support the RNP. If there is a discrepancy with any of these amounts the PHA will be required to provide documentationas requestedbeforethis adjustmentwill bemade. b.CARES Act HAP awards for PUC increases:Unspent but available untilDecember31, 2021. c.HUD-held reserve as of 12/31/2020: SPT will use the balance reported to SPT by FMC. d.2021RenewalABA:ActualrenewalABAawardsforCY2021. e.SPV and tenant protection funding and set-asides: FMC will provide amounts to be made available to the PHA in CY 2021 for special-purpose voucher and tenant protection funding increments applicable to any portion of CY 2021, and for any set-aside funding previously awarded in CY 2021. If necessary, the SPT will make adjustments to the shortfall set-aside award to ensure that new increment funding for Mainstream, SPVs, Lower-than-average Leasing Set-aside,and/or TPVs remains available to lease the newly awarded number of SPVs and/or TPVs, rather thanbeing used to coverthegeneral shortfall. f.Unit months leased: The unit months leased (UML) for CY 2021 will be projected by taking the number of units reported in VMS in the last month available and projecting that number through the end of the year. Reductions to projected leasing willbemadetoadjustforattrition,inaccordancewiththeannualturnoverrateused inthetwo-yeartool.ThisrateisderivedfromthePICdataonfamiliesendof participation(EOP).Increasestoprojectedleasingwillbemadeforvouchersissued prior to the date of the notification by the SPT of a potential shortfall and for additional leasing resulting from the admission of families described in exception categories 2 and 3 above families receiving new special-purpose vouchers, and families moving into new or vacant PBV units. No adjustments will be made for moverfamilieswhoreceivevouchersinaccordancewithcategory1above.