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HUD Issues HCV CY 20 Funding Renewal Letter

HAs Encouraged to Proceed with Leasing Strategies and Advocate for Final FY 20 Bill

 

Arlene Conn, PHADA Policy Analyst

On November 27 HUD issued its “Get Ready” letter for (http://bit.ly/36umsIm) calendar year (CY) 2020 renewal funding for the Housing Choice Voucher program. Currently operating under a Continuing Resolution (CR), HUD notes that the current FY 19 federal budget is carried forward through to the last day of the CR, December 20, 2019. Funding will be as follows:

  • Housing Assistance Payments
    • December 2019 and January 2020: 99.5 percent of estimated CY 20 eligibility.
  • Administrative Fees
    • December 2019, January and February 2020: 79 percent of estimated CY 20 eligibility.

For the Mainstream Voucher Program, in both January and February, HAP will be at 99.5 percent of eligibility while admin fees will be at 79 percent of eligibility. HUD expects to make timely disbursements of HCV HAP and admin fees in December and January and will update HAs on subsequent payments in January 2020.

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