HUD Publishes FY 2017 HCV Funding Implementation Notice

HUD has published a notice (PIH Notice 2017-07) titled “Implementation of the Federal Fiscal Year (FFY) 2017 Funding Provisions for the Housing Choice Voucher Program.”

The notice lists the funding that the appropriations bill has allocated for tenant-based rental assistance:

  • HAP Renewal Funding – $18.355 billion;
  • Tenant Protection Vouchers – $110 million;
  • Administrative Fees – $1.650 billion;
  • Mainstream 5 Year Program – $120 million;
  • Veterans Affairs Supportive Housing – $40 million; and
  • Family Unification Program – $10 million.

The notice also notes how Housing Assistance Payments (HAP) are rebenchmarked using validated leasing and cost data for calendar year (CY) 2016. HUD states that that it will perform a “small offset” to prevent termination of rental assistance for families as the result of insufficient funding. Additionally, the $75 million set-aside in HAP funding provided by the budget, which is used to perform PHA allocation adjustments, will most likely be used only for shortfall funding. If there are any funds remaining after the set-aside, they will be distributed on a prorated basis to all agencies.

Continue reading