; or (bb) support the successful administration of the vouchers under this paragraph. (vi) Requirement for expenditure of funds Each eligible public housing agency that receives funds under clause (i) shall expend not less than 60 percent of the funding during the 2-year period following receipt of the funding. (F) State accountability (i) In general Each eligible public housing agency providing assistance under this paragraph shall— (I) on a monthly basis, report caseload and voucher administration statistics to the State in which the agency operates; and (II) twice annually, submit to the State in which the agency operates a report on the progress toward issuing a voucher under this paragraph to all eligible recipients, based on— (aa) the percentage reduction in the number of families with children and youth that are experiencing homelessness in the area in which the agency care operates, as determined by comparing the most recent point-in-time count with the point-in-time count conducted 1 year prior; and (bb) the percentage reduction in the number of children experiencing homelessness in the State, as documented under the requirements of the program authorized under subtitle B of title VII of the McKinney-Vento Homeless Assistance Act ( 42 U.S.C. 11431 et seq. ). (ii) Benchmarks Each year, each State shall meet the benchmarks described in this clause, based equally on the percentage reduction in reported population of children and families experiencing homelessness in the following year’s point-in-time count and the percentage reduction in population of students experiencing homelessness: (I) Annual report Each State shall submit an annual report to the Secretary that contains— (aa) data collected from schools pursuant to the program authorized under subtitle B of title VII of the McKinney-Vento Homeless Assistance Act ( 42 U.S.C. 11431 et seq. ), including the number of students— (AA) experiencing unsheltered homelessness; (BB) living in shelters; (CC) living in motels, hotels, or campgrounds