RAD PBV Adjustments to the Percentage of BA that is Project Sample Clauses

RAD PBV Adjustments to the Percentage of BA that is Project based Calculation and PHA Submission Requirements under 24 CFR §983.6(d) As noted above, HUD waived the 20 percent limitation at section 8(o)(13)(B) of the United States Housing Act of 1937 as well as 24 CFR §983.6 for PBV units under the RAD demonstration. Consequently, a PHA does not submit the information required under 24 CFR §983.6(d) to HUD when project-basing vouchers under RAD (unless subsequent guidance issued for the RAD modifies this policy). In addition, neither the HAP costs for RAD PBV units nor the BA used to cover those HAP expenses are taken into consideration in determining the amount of BA the PHA may use to project-base non-RAD voucher units. As noted earlier, the PHA would exclude the RAD PBV BA from both the numerator and the denominator in determining the percentage of BA that is currently being used for PBV. Example: Total ABA - $20,000,000 ABA committed to PBV - $3,000,000 RAD PBV - $1,000,000 To determine where the PHA is in relation to the 20% limitation on PBV, the RAD PBV ABA is subtracted from the PBV ABA (numerator) and the total ABA(denominator) to calculate the percentage of ABA that is being used for project-based assistance. Total PBV ABA (RAD & non-RAD) – RAD PBV ABA = % of ABA attributable to PBV exclusive of RAD Total ABA - RAD PBV ABA Illustration $2 million ($3 million - $1 million) = 10.5% $19 million ($20 million -$1 million) **For a PHA that is administering RAD PBV, the ABA committed to RAD PBV is not counted in any of the calculations to determine whether the PHA has budget authority to project-base vouchers outside of RAD, nor is it included in any of the calculations the PHA completes to submit the required information to the HUD field office under 24 CFR §983.6(d). An example is provided in Attachment C of this Notice of how a PHA administering RAD PBV would calculate the submission items under 24 CFR §983.6(d) for a new non-RAD PBV proposal.
Sample 1
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Related to RAD PBV Adjustments to the Percentage of BA that is Project

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