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2 <br /> Table 1 below lists elements in the structure of the 2012 Calendar Year allocations <br /> with respect to the PHA and project eligibility and the Allocation Adjustment. <br /> Table 1. CY 2012 Project Eligibility and Allocation Adjustment <br /> 1 Calculated Reserve Balance $265,324 <br /> 2 Approved PHA Exclusion Request(Appeal) $0 <br /> 3 Revised Reserve Balance $265,324 <br /> 4 PHA Allocation Adjustment $49,888 <br /> 5 Project Eligibility $154,280 <br /> 6 Project Allocation Adjustment(if any) $49,888 <br /> 7 Project Funding Level after Allocation Adjustment and before Proration $104,392 <br /> Additional information is available at the PH Financial Management Division <br /> website under the topic, "Allocation Adjustment." Below is the URL link: <br /> htt.://.ortal.hud.sov/hud.ortal/HUD?src=/.ro am_offices/.ublic indian_housin .ro_rams/.h/a <br /> m/of/opfnd2012/al locationadj ustment <br /> PHAs may also contact their HUD Field Offices regarding the eligibility <br /> calculations and their Allocation Adjustments. It is important to note that the FY 2012 <br /> HUD Appropriations statute permitted HUD to set aside up to $20 million from the <br /> Operating Fund appropriation to provide assistance to PHAs that encounter financial <br /> hardship as a direct result of the operating reserve offset. The process for applying for this <br /> funding, as well as the qualification criteria, will be published shortly by HUD. <br /> Sincerely, <br /> 4.1? ��1 <br /> David A. Vargas, MSA CPA <br /> Deputy Assistant Secretary, <br /> Real Estate Assessment Center <br /> www.hud.gov espanol.hud.gov <br />