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Item 10 - AA for Housing Choice Voucher Program and Mainstream Voucher Program
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Item 10 - AA for Housing Choice Voucher Program and Mainstream Voucher Program
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5/30/2024 4:05:52 PM
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5/29/2024 6:09:55 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
10
Date
6/4/2024
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EXHIBIT 2 <br />the first of each month and reported in VMS. Monthly fee advances are provided, based on <br />estimated earnings, and are reconciled 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. <br />Sincerely, <br />MIGU EL Digitally signed by MIGUEL <br />FONiANEZ FONTANEZSANCHEZ <br />Date: 2023.04.0614:27:21 <br />SANCHEZ 04'00' <br />Miguel A. Fontanez <br />Director, <br />Housing Voucher Financial <br />Management Division <br />Enclosure <br />
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