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the first of each month and reported in VMS. Monthly fee advances are provided, based on <br />estimated earnings, and are re conciled once actual leasing is reported. National eligibility for the <br />quarter is compared to one-quarter of the appropriations available for Mainstream Vouchers <br />administrative fees, and all PHAs' fee earnings are prorated at the same percentage of eligibility <br />as in the HCV program. This proration is required by the Consolidated Appropriations Act, <br />2023 (the 2023 Act). Admin Fee rates for CY 2023 will be posted on the Department's web site <br />to enable PHAs to estimate eligibility. An announcement will be made when they become <br />available on HUD's website: <br />https:/ /www.hud.gov/program _ offices/public _indian_ housing/programs/hcv. <br />If you have any questions concerning your CY 2023 Mainstream Vouchers renewal <br />funding, please contact your Financial Analyst at the Financial Management Center. Enclosure Sincerely, MIGUEL FONTANEZ SANCHEZ ' Digltally signed by MIGUEL <br />' FONTANEZ SANCHEZ <br />Date:,2023.04.0614:27:21 <br />-04'00' Miguel A. Fontanez Director, Housing Voucher Financial Management Division EXHIBIT 2 <br />  <br />  <br />City Council 10 – 7 6/4/2024