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Update: Reallocation of Baseline WtW Voucher Units
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May
10, 2002 was the deadline for eligible PHAs to apply for reallocated
baseline WtW voucher units and budget authority under the provision
of the November
1, 2001 Federal Register reallocation notice. Here is a
quick update/status report on the application process:
- Of the 131 local agencies administering the WtW voucher program,
67 agencies were eligible to apply for reallocated baseline WtW
voucher units, based on a 97 percent or above leasing rate as
reflected in the March Leasing
Report. Note: an additional 14 sites failed to report March
leasing data and may or may not be eligible to apply.
- HUD received applications for the reallocated baseline WtW voucher
units from 46 agencies.
- A total of 1,736 baseline WtW voucher units are available for
reallocation. The 46 agencies the submitted applications applied
for a total of 11,334 units. This results in a demand versus supply
ratio of almost 7 to 1.
- HUD is currently in the process of reviewing the applications
and will follow the selection and funding procedures described
under Section III.C of the November
1, 2001 Federal Register reallocation notice.
- HUD expects to notify applicants of funding decisions before
the end of September, 2002.
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