reflected in the period of data used by 
the Secretary; or 
‘‘(V) increase in number of fami-
lies participating in the Family Self- 
Sufficiency program under section 23 
who are building escrow savings due 
to increased earnings. 
‘‘(B) 
DENIAL
OF
CERTAIN
ADJUST-
MENTS.—Notwithstanding 
subparagraph 
(A)(ii), the Secretary may deny an adjustment 
referred to in subclause (I), (II), or (III) of 
subparagraph (A)(ii) with respect to a public 
housing agency if the agency is not complying 
with subsection (o)(10)(A) (regarding rent rea-
sonableness). 
‘‘(C) AMOUNT OF ADJUSTMENTS.—The ag-
gregate amount of such additional adjustments 
referred to in paragraph (1)(B) for all public 
housing agencies for a calendar year funding 
cycle shall not exceed 2 percent of the total 
amount provided for such calendar year for re-
newal of expiring annual contributions contracts 
for tenant-based rental assistance. In any year 
in which such total amount provided for such 
renewals is less than the amount needed to pro-
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vide each public housing agency with the full 
adjustment amount determined for the agency 
under this paragraph, each agency for which 
such an adjustment is approved shall receive 
the same percentage of the total amount ap-
proved for that agency. 
‘‘(4) PRORATION.—To the extent necessary to 
stay within the amount made available for a cal-
endar year for renewal of expiring annual contribu-
tions contracts for tenant-based rental assistance, 
the Secretary shall prorate each public housing 
agency’s allocation otherwise established pursuant to 
this subsection for such year, except that such pro-
ration shall not apply to the renewal of enhanced 
vouchers under any provision of law authorizing 
such assistance under section 8(t) of the Act. 
‘‘(gg) AGENCY RESERVES
FOR HOUSING CHOICE 
VOUCHERS.— 
‘‘(1) AUTHORITY.—Each public housing agency 
may maintain a reserve of amounts for tenant-based 
assistance in an amount not to exceed four percent 
of the amount provided to the agency under its an-
nual contributions contract in effect at such time. 
‘‘(2) ANNUAL REPLENISHMENT.—To the extent 
that amounts are expressly made available for use 
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under this subsection, at the beginning of the fund-
ing cycle for each calendar year, the Secretary shall 
provide to the reserves of each public housing agency 
an amount sufficient so that the aggregate amount 
of such reserves are equal to two percent of the 
amount provided to the agency under its annual con-
tributions contract for such calendar year. 
‘‘(3) PROHIBITION OF RECAPTURE.—The Sec-
retary may not recapture any reserve amounts main-
tained by a public housing agency pursuant to this 
subsection that do not exceed the four percent limi-
tation referred to in paragraph (1). 
‘‘(4) USE.—Amounts in the reserve of a public 
housing agency under this subsection shall be avail-
able to the agency for use for unmet needs for ten-
ant-based rental assistance and to support additional 
vouchers. 
‘‘(5) 
USE
OF
RECAPTURED
RESERVE 
AMOUNTS.—Any reserve amounts in excess of the 
four percent limitation referred to in paragraph (1) 
that are recaptured by the Secretary shall be avail-
able to the Secretary only for tenant-based contract 
renewals under subsection (ff) and for replenishment 
of reserves pursuant to paragraph (2) of this sub-
section. 
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‘‘(hh) BUDGET INFORMATION.—The Secretary shall 
provide to the Congress, and make publicly available, the 
following information: 
‘‘(1) BUDGET
INFORMATION.—In the annual 
budget justifications of the Department of Housing 
and Urban Development, the Secretary shall include 
information identifying, with respect to the upcom-
ing calendar year funding cycle for which such jus-
tifications are made— 
‘‘(A) the number and percentage of author-
ized vouchers leased in the most recent 12- 
month period for which data is available and 
their average cost; 
‘‘(B) the administrative fees earned by 
public housing agencies in such most recent 12- 
month period; 
‘‘(C) the funding allocated in such most re-
cent 12-month period to public housing agen-
cies with special voucher funding agreements 
under the Moving to Work demonstration pro-
gram; 
‘‘(D) the best estimate available for such 
upcoming calendar year of the likely applicable 
weighted average annual adjustment factor 
under subsection (ff)(1)(A); and 
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