AGENDA PACKET_2021-11-02 - Laserfiche WebLink

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EXHIBIT 2 48 g.Total HAP expense: Total HAP expense for CY 2021 will be based on a projectionoftheunitmonthsleasedforCY2021(describedineabove)attheper- months, and the PHA again determines that it is in danger of a shortfall, an additionalshortfall awardmay bemadewithout theneed toreapply. h.Vouchers issued or projected to be issued: The number of vouchers issued as of VMS report, will be used to determine future leasing, if any, from vouchers issued prior to the date of notification by the SPT of a potential shortfall. PHAs can only reissue turnover vouchers after receiving SPT notification of a potential shortfall to maintain their leasing levels during the period theprogram is impacted by COVID-19. Planned issuances for vouchers exempt from the suspension will be shown in the months they will be issued. The projected HAP costs for these units will be affected by the voucher success rate provided by the PHA and average time from issuance of the voucher to the HAP effective date. HUD has the right to suspendleasing altogetherifnecessary. i.OtherPlannedAdditionsorReductionstoLeasedUnits:Thisfieldincorporates into the leasing schedule other planned additions to leasing with fixed start dates, such as the dates that PBV units currently under AHAP are scheduled to come under HAP. The calculated HAP cost for these units is not subject to the success ratecalculation. j.2021Year-EndTotalHAPReserveBalance:AnyPHAwithanegative projected 2021 year-end balance will be considered a shortfall PHA. PHAs with year-end balances of $0 or above will not be considered shortfall PHAs or eligible to receive shortfallset-asidefunds. k.Available UNP and Other Non-Federal Cash:In cases where the needed shortfall amount is hard to determine due to factors like many potential voucher lease ups still to occur, rapidly changing PUCs, unclear attrition rates, etc., the SPT will consider the availability UNP or other non-federal cash that the PHA could use to temporarily cover HAP payments and may reduce the shortfall award amount accordingly. If the shortfall award does not fully meet the need, the PHA then has UNP or othernon-federalfunds toensurealllandlords getpaid ontime, andthe SPT can provide an additional shortfall award at the appropriate time to make the HCV or Mainstream Vouchers whole, allowing the PHA to repay the UNP or other non- reduce the number of shortfall awards that are estimated and end up more than the PHAactually needed.