I received word from a HUD official that the Housing Choice Voucher (HCV) Two-Year Tool has been updated with estimated PHA-specific inflation factors. The Two-Year Tool allows those folks managing voucher programs to “analyze a PHA’s utilization situation which includes running basic leasing and spending scenarios to better inform decisions . . . to optimize the program over a multi-year period.” After each yearly funding cycle, HUD applies an inflation factor to the amount spent on vouchers in the previous year to arrive at the PHA’s renewal funding for the upcoming year. This inflation factor is specific to the PHA. The Two-Year Tool has now incorporated estimates of each PHA’s inflation factor to assist in planning for the upcoming year.
The Two-Year Tool can be found here.