; and (7) $70,000,000, to remain available until September 30, 2033, for making new awards or increasing prior awards to existing technical assistance providers to provide an increase in capacity building and technical assistance available to public housing agencies. (b) Terms and conditions (1) Allocation The Secretary shall allocate initial incremental assistance provided for rental assistance under subsection (a)(1) and (2) in each fiscal year commencing in 2024 and ending in 2028 in accordance with a formula or formulas that include measures of severe housing need among extremely low-income renters and public housing agency capacity, and ensures geographic diversity among public housing agencies administering the Housing Choice Voucher program. (2) Election to administer The Secretary shall establish a procedure for public housing agencies to accept or decline the incremental vouchers made available under this section. (3) Failure to use vouchers promptly If a public housing agency fails to lease the authorized vouchers it has received under this subsection on behalf of eligible families within a reasonable period of time, the Secretary may offset the agency’s voucher renewal allocations and may revoke and redistribute any unleased vouchers and associated funds, which may include administrative fees and amounts allocated under subsections (a)(3) and (a)(4), to other public housing agencies. (4) Limitation of use of funds Public housing agencies may use funds received under this section only for the activities listed in subsection (a) for which the funds were provided to such agency. (5) Cap on project-based vouchers for vulnerable populations Upon request by a public housing agency, the Secretary may designate a number of the public housing agency’s vouchers allocated under this section as excepted units that do not count against the percentage limitation on the number of authorized units a public housing agency may project-base under section 8(o)(13)(B) of the United States Housing Act of 1937, in accordance