HomeMy WebLinkAboutMINUTES - 10142008 - C.3 HA HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Joseph Villarreal, Executive Director
DATE: October 14, 2008
SUBJECT: Federal Funding Update
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
I. RECOMMENDED ACTION:
ACCEPT report providing update on the status of calendar year 2008 funding for the public housing
and housing choice voucher programs.
II. FINANCIAL IMPACT:
None. Information item only.
III. REASONS FOR RECOMMENDATION/BACKGROUND
As discussed at the August and September Board meetings, HUD had not yet provided housing
authorities with notification of their final calendar year funding levels and indications were that funding
would be reduced from anticipated levels.
CURRENT FUNDING LEVELS OF AUTHORITY'S HCV AND PUBLIC HOUSING PROGRAMS:
HCV Program:
HUD had indicated in a July 7,.2008 letter that housing authorities would be funded at only 90.876% of the
amount for which they are eligible. On September 17, 2008 HUD notified the Authority that it would
receive 90.304% for the second quarter of the calendar year (April —June) and released $169,526 of
administrative funding to HACCC for those months. Until this point, the Authority had only received
80.526% of its eligible funding for the second quarter. As a reminder, the Authority budgeted HCV
administrative costs at 86.387% of the amount for which HACCC is eligible. Staff will update the Board
Funding for housing assistance payments (HAP) subsidies continues to be adequate. HAP is used to pay
the Authority's portion of the rent.
CONTINUED ON ATTACHMENT: _A_YES SIGNATURE
Joseph Villarreal,Executive Director
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD
COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON APPROVED AS RECOMMENDED ER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
COMMISSIONERS ON THE DATE SHOWN.
ATTESTED
JOSEPH VILLARREAL,CLERK OF
THE BOARD OF COMMISSIONERS
AND EXECUTIVE DIRECTOR
eB Y
H:\Board Orders\October 2008\BO-Federal Funding Update 10-08.doc
Public Housing:
As discussed at the September meeting HUD informed housing authorities on September 11, 2008
that the final proration for CY08 operating subsidy would be 88.96%, a significant improvement over
HUD's June 18, 2008 announcement that the operating subsidy would retroactively be decreased to
82% for the calendar year.
At this point, HUD has not provided HACCC with the final obligating documents. Staff will update the
Board after those documents;and funding are received
IV. CONSEQUENCES OF NEGATIVE ACTION:
None. Information item only.