A HUD official emailed us to let us know that the Housing Choice Voucher (HCV) Forecasting tool now includes an estimated inflation factor for 2018. A PHA forecasting HAP for next year using the tool can now use both an estimated Housing Assistance Payment (HAP) proration (the default proration set for 2018 is 96%; it can be changed to model different scenarios) and an estimated inflation factor (the inflation factor is estimated to be 2.05% for 56% of PHAs). Setting a proration to 96% and using an inflation factor of 2% is equivalent to a 98% proration using the tool before this revision.

The HCV two-year tool can be accessed from HUD’s Office of Housing Choice Vouchers website.