CY 2007 Voucher Renewal Funding Set-Aside

PIH Notice 2007-14, issued June 18, 2007, states that the 2007 renewal funding appropriation includes a $100 million set-aside for (1) adjustments for PHAs that experienced a significant increase in renewal costs resulting from unforeseen circumstances; and (2) for adjustments for PHAs that could experience a significant decrease in voucher funding that could result in the loss of voucher units due to the shifting to using VMS data based on a 12-month period.  The notice advises that PHA requests for funds from the set-aside must be received by HUD no later than July 6, 2007.

Eligibility for the category (2) (MS-Excel, 46 KB) of this set-aside is based upon calculating the projected PHA costs in 2007 to continue assisting the higher of the number of households assisted in December 2006 or the average assisted in October thru December 2006, and comparing that projection to the renewal funding provided for 2007.  A PHA is eligible if the required funding exceeds the funding provided by more than 3 percent. To assist PHAs in determining whether to apply under this second category, HUD has completed those calculations.  Posted here is the list of PHAs that appear to be eligible under this category. This list is advisory and does not preclude any other PHA from applying if they think their calculation shows they may qualify.  Please be aware that, even though HUD has done these calculations, a PHA must still submit a request for the funding by completing and signing Attachment A of Notice 2007-14.

Please note that the calculations consider only 2007 renewal funding; they do not consider funding the PHA may have for tenant protection actions nor do they consider the balance in any PHA's HAP equity account (excess HAP funds from CY 2005 and 2006).  A PHA may choose to consider those funds in determining whether to apply for set-aside funds to augment their renewal allocation.