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Asheville Housing Authority Regular Meeting of the Board of Commissioners
June 24, 2015
5:00 p.m.
Central Office, 165 S. French Broad Avenue, Asheville, NC 28801
Commissioners: Lewis Isaac, Chair Cassandra Wells, Vice Chair
Cindy McMahon, Member Raynetta Waters, Member Jennifer Pickering, Member
Agenda Topics
Call to Order
Roll Call Present Absent
Lewis Isaac, Chair ______ ______ Cassandra Wells, Vice Chair ______ ______ Cindy McMahon, Member ______ ______ Raynetta Waters, Member ______ ______ Jennifer Pickering, Member ______ ______
Approval of Minutes of May 27, 2015 Meeting
Bills and Communications
Report of the Secretary
o Asheville Housing Properties o Asheville Housing Vouchers o Income/Expense Report o Residents Council Report
New Business
1. Proclamation honoring the service of Board Member Cindy Henry McMahon.
___________________ __________________
Motion Second
2. Approval of Amendment to the Administrative Plan for the Housing Choice Voucher Program to provide for phase-in of the $25 minimum rent over three years, effective back to December 1, 2014.
___________________ __________________
Motion Second
3. Approval of expanded payment standards for one-bedroom and efficiency apartments under the Housing Choice Voucher Program, effective July 1, 2015.
___________________ __________________
Motion Second
Old Business
Public Comment
Adjournment
Work Session
The Commission Members will hold a work session at 4:00 p.m. in the Chief Executive Officer’s office located at 165 S. French Broad Ave, Asheville, NC 28801
Topics: Review of Regular Meeting Agenda Items
Housing Authority of the City of Asheville
Commission Meeting Minutes May 27, 2015
I. Work Session
The work session was held at the Central Office at 5pm. The following Commissioners were present: Chair Lewis Isaac, Vice Chair Cassandra Wells, Member Cindy McMahon, Member Raynetta Waters and Member Jennifer Pickering.
Open session: Cindy Weeks from MHO presented an update on Lee Walker Heights. HACA is the lead developer for the project and MHO is serving as a consultant and co-developer. MHO has been in Asheville for 26 years, and the team they have assembled is almost exclusively from Asheville. Two weeks ago, they held the first resident workshop and have created a preliminary design based on input from the residents. MHO is going to take the LWH resident committee and other interested residents on a tour of other MHO properties so they can see what new apartments will look like.
David Nash presented financial aspects of the RAD application for LWH as distributed with the Board packets. The project team will be applying for 9% Low Income Housing Tax Credits, taking out a mortgage on the property, using HACA funds from reserves, and financial support from the city/county to pay for this project.
II. Regular Meeting - Call to order
Chair Isaac called to order the regular meeting of the Board of Commissioners at 6:03 on May 27, 2015, at Klondyke Homes, 33 Klondyke Place, Asheville, NC 28801. Brooke Smith conducted roll call. The following Commissioners were present: Chair Lewis Isaac, Vice Chair Cassandra Wells, Member Cindy McMahon, Member Raynetta Waters and Member Jennifer Pickering.
III. Approval of minutes from last meeting
Cindy McMahon made a motion, seconded by Jennifer Pickering, to approve the minutes. The Commissioners unanimously approved the minutes of April 22, 2015.
IV. Bills and Communications
Gene Bell stated that he wanted to show a clip from the workshop with the residents at Lee Walker Heights. The workshop was the first in a series of workshops where
the development team and the residents come together to plan the future of the neighborhood.
Gene Bell stated that Asheville Green Works would like to do a summer program for the children to assist in the maintenance of the Hillcrest Apple Orchard. William Hamilton, Hillcrest Site Manager, stated that in order to plant apple trees and blueberry trees in the orchard, Asheville Green Works applied for a grant to hire six people. For the summer program, they asked HACA to contribute $1500 to allow 2 youth to work all summer and maintain the trees. HACA approved and it has been a success so far.
Gene Bell stated that Raynetta Waters was selected as a chair of the nominating committee for the southern area of The Links, Incorporated, one of the oldest and largest volunteer service organizations of women who are committed to sustaining the culture and economic survival of African Americans and other persons of African ancestry. He also introduced the new Neighborhood Outreach Coordinator/Communication Specialist, Terry Bellamy.
Finally, Gene Bell thanked Cindy McMahon for all of her hard work and contributions to HACA over the last 10 years through her service on the Board. This is likely to be her last meeting.
V. Report of the Secretary
a) Occupancy: Asheville Properties Noele Tackett reported the monthly Asheville Housing occupancy submitted with the board package
b) Occupancy: Asheville Housing Vouchers Brandy Woodard reported monthly Asheville Housing Vouchers occupancy submitted with the board package
c) Income/Expense Report Lenell Wyche summarized the bottom line of the four key budgets submitted with the board package.
d) Residents Council Report Keith DeBlasio stated that over the last month, the Council has had a contract with HACA for trash clean up and debris removal in units. Through this contract, they have been able to employ 6 residents. They are looking at employing more youth for the orchard. They are working in each development to do clean-ups. The Council participated in the Asheville City School Board 5-year planning sessions. The Asheville Police Department Citizens Committee has agreed to accept a resident onto the committee. Jennifer Pickering asked if there are any youths serving on the Council, and Keith DeBlasio stated that a youth was just elected to the Hillcrest Resident Association.
VI. New Business
1. Public Hearing on Proposed Multifamily Housing Revenue Bond Financing by the Housing Authority of the City of Asheville – Spruce Hill Apartments.
The Chair opened the public hearing at 6:24 pm.
David Nash stated that the Board approved a resolution to approve the application in August 2014. The developer is proposing to buy Spruce Hill and renovate it. The developer would be entirely responsible for paying the bond back. No Board action is required at this time. This is just an opportunity for public comment on the project.
There being no other comment, the Public Hearing closed at 6:28 pm.
2. Approval and authorization for the CEO to submit, including such technical amendments as he shall determine reasonable, the Phase 2 Rental Assistance Demonstration application for the initial phase of redevelopment at Lee Walker Heights, to replace 96 public housing units with 96 new RAD units and 24 additional affordable housing units.
David Nash stated that after HACA applied for a full inventory RAD conversion two years ago, we were asked by the Mayor and members of City Council to look again at redeveloping Lee Walker Heights as a mixed income community. We requested and HUD approved a phased inventory conversion to allow time for additional redevelopment planning in connection with those 96 units. This application will restart the RAD conversion process for that second and final phase and is due by June 30, 2015. We are ultimately hoping to develop as many as 300 mixed income units on the Lee Walker and an adjacent site.
Jennifer Pickering made a motion seconded by Raynetta Waters, to approve and authorize the CEO to submit, including such technical amendments as he shall determine reasonable, the Phase 2 Rental Assistance Demonstration application for the initial phase of redevelopment at Lee Walker Heights, to replace 96 public housing units with 96 new RAD units and 24 additional affordable housing units.
The Board voted as follows: AYE NAY Mr. Lewis Isaac Ms. Cassandra Wells Ms. Cindy McMahon Ms. Raynetta Waters Ms. Jennifer Pickering The Chair declared the motion carried.
3. Approval of resolution authorizing the Housing Authority of the City of Asheville to change its fiscal year end from September 30 to December 31, effective in 2015.
Lenell Wyche stated at last month’s Meeting, the Board discussed and approved the switch to a calendar year, because it makes it much easier to align with the RAD funding. HACA submitted the application for this request, and HUD requested a formal resolution approved by the Board.
Cindy McMahon made a motion, seconded by Cassandra Wells, to approve the resolution authorizing the Housing Authority of the City of Asheville to change its fiscal year end from September 30 to December 31, effective in 2015.
The Board voted as follows: AYE NAY Mr. Lewis Isaac Ms. Cassandra Wells Ms. Cindy McMahon Ms. Raynetta Waters Ms. Jennifer Pickering The Chair declared the motion carried.
4. Approval of a technical amendment to the Annual PHA Plan to authorize the issuance of project-based vouchers under the HUD-VASH program upon request from the VA Medical Center, to facilitate the goal of ending veteran’s homelessness.
David Nash stated the Asheville/Buncombe County Homeless Committee is working very hard to end veteran’s homelessness. There are a number of developers who have contacted HACA and the VA about developing new housing opportunities for this population and this tool may help with that process.
Raynetta Waters made a motion, seconded by Jennifer Pickering, to approve a technical amendment to the Annual PHA Plan to authorize the issuance of project-based vouchers under the HUD-VASH program upon request from the VA Medical Center, to facilitate the goal of ending veteran’s homelessness.
The Board voted as follows: AYE NAY Mr. Lewis Isaac Ms. Cassandra Wells Ms. Cindy McMahon Ms. Raynetta Waters Ms. Jennifer Pickering
The Chair declared the motion carried.
5. Consideration of approval of amendment to Inter-local Cooperation Contract with Brevard Housing Authority effective June 1, 2015.
Gene Bell stated that HACA has managed the Brevard Housing Authority for over 10 years. HACA Chief Operations Officer will now be the Executive Director of Brevard Housing Authority in a similar role that Gene Bell has been doing for 10 years. Nothing is changing as far as the overall agency responsibility for executive oversight of Brevard Housing Authority. The only thing changing is that David will serve as ED of Brevard instead of Gene.
Cindy McMahon made a motion, seconded by Raynetta Waters, to authorize approval of amendment to Inter-local Cooperation Contract with Brevard Housing Authority effective June 1, 2015.
The Board voted as follows: AYE NAY Mr. Lewis Isaac Ms. Cassandra Wells Ms. Cindy McMahon Ms. Raynetta Waters Ms. Jennifer Pickering The Chair declared the motion carried.
6. Consideration of approval of to change the Housing Authority of the City of Asheville Board Meetings to 5:00 pm effective June 2015.
Lewis Isaac stated that for the previous few meetings, the time was moved up to 5 pm, and the Board really liked that change and would like to make it permanent. The Work Session will be held at 4 pm, and the Regular Board Meeting will be held at 5 pm. Residents Council stated that they like this change.
Jennifer Pickering made a motion, seconded by Cassandra Wells, to authorize approval to change the time of the Board meetings.
The Board voted as follows: AYE NAY Mr. Lewis Isaac Ms. Cassandra Wells Ms. Cindy McMahon Ms. Raynetta Waters
Ms. Jennifer Pickering The Chair declared the motion carried.
VII. Unfinished Business
None
VIII. Other Business
Jennifer Pickering asked when we can expect a new Board Member. Terry Bellamy stated that the position will not close until June 3, 2015, and the Mayor will appoint after that. Lewis Isaac stated that Cindy McMahon has been a wonderful asset to the Board Members, and he officially thanked her for everything.
IX. Adjournment
There being no further business to come before the Board, the meeting adjourned.
_________________________________
Lewis Isaac, Chair ATTEST: ___________________________________ Gene Bell, Secretary
Units Occupied Occ Rate Rehab Make Ready Ready Moved In Vacant
Days Average
Altamont 56 54 96% 2 0 0 0.0Aston 161 159 99% 2 7 532 76.0Bartlett 114 113 99% 1 8 546 68.3Deaverview 160 148 93% 12 1 181 181.0Hillcrest 227 217 96% 10 6 904 150.7Klondyke 182 166 91% 12 4 1 152 152.0Pisgah View 256 239 93% 17 9 1139 126.6Southside 274 262 96% 12 2 177 88.0Avl Terrace 248 244 98% 2 0 0 0.0Brevard 163 161 99% 2 0 4 29 7.3Curve/Short 2 1 50% 1 0 0 0.0Lee Walker 96 81 84% 15 0 0 0 0.0Woodfin 19 19 100% 0 0 0.0Woodridge 160 159 99% 1 2 33 16.5
2118 2023 96% 29 64 0 40 3693 92.3Total
RAD
PBV
Oth
er
Asheville Housing & Related Properties - Occupancy May 2015Property
0%
20%
40%
60%
80%
100%
Occupancy Rate
Voucher Program Total Vouchers
Budget Authority Leased Occupancy
Rate Available Assigned/Looking Moved In Moved Out Inspect Re-Exam Enrolled Change
Since 1/1Project Based - RAD 1429 1429 1360 95.2% 69 22 9 134 96 28Project Based - LH 20 20 20 100.0% 0 0 0 0 0Tenant Based 1266 1138 1059 93.1% 207 24 2 4 114 71 22 46Tenant Based - VASH 306 275 199 72.4% 107 30 4 3 15 2Tenant Based - NED 75 66 66 100.0% 9 1 0 0 4
Total HCVP 3096 2928 2704 92.3% 392 55 28 16 248 186 52 46HOPWA 25 25 25 100.0% 0 0 0 0 0
Total - All Programs 3121 2953 2729 92.4% 392 55 28 16 248 186 52 0 46
Program Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 AverageBudget Authority 1522 1522 1522 1522 1522 1522 2947 2844 2823 2824 2824 2928 2194Occupied 1410 1401 1395 1377 1371 1372 2697 2697 2689 2675 2686 2704 2040% 93% 92% 92% 90% 90% 90% 92% 92% 95% 95% 95% 92% 93%Wait List 138 143 67 78 83 90 1527 1527 1816 1394 1346 1403 801HAP Reserve 285,281 321,218 358,133 367,790 396,938 432,195 115,900 115,900 285,480 378,710 446,292 1,084,286 382,344
Asheville Housing Vouchers - May 2015Lease-Up Home
Owner-ship
Housing Choice Voucher - Annual Trends
FSSMonthly Processes
0
500
1000
1500
2000
2500
3000
3500
Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15
Budget Authority
Occupied
Actual Budget Variance Actual Budget Variance
Revenue
Tenant Rent 51,860 51,717 144 423,753 413,733 10,019
PH Operating Subsidy ‐ ‐ ‐ 245,669 232,425 13,244
RAD HAP Subsidy 123,253 131,246 (7,993) 609,732 656,232 (46,500)
Other Revenue 5,719 2,167 3,553 199,501 17,333 182,167
Total Revenue 180,833 185,130 (4,297) 1,478,654 1,319,723 158,931
Administrative 23,812 26,483 (2,671) 241,557 211,867 29,690
Tenant Services 2,090 1,763 327 44,535 14,100 30,435
Utilities 42,607 28,775 13,832 323,958 230,200 93,758
Maintenance 64,580 66,742 (2,162) 522,739 533,933 (11,195)
Protective Services 7,409 5,417 1,993 9,220 43,333 (34,113)
Other Expenses 8,952 18,296 (9,344) 93,554 146,367 (52,813)
Subtotal Operating Expenses 149,450 147,475 1,975 1,235,563 1,179,800 55,763
Replacement Reserve 29,167 29,167 (0) 175,000 175,000 (0)
Voluntary Pooled Reserve 833 833 0 5,000 5,000 0
Repay Siemens Loan ‐ ‐ ‐ ‐
Extraordinary Maintenance ‐ ‐ ‐ ‐
Capital Outlay 1,330 ‐ 1,330 1,330 ‐ 1,330
Subtotal Other 31,330 30,000 1,330 181,330 180,000 1,330
Net Revenue 52 7,655 (7,603) 61,761 (40,077) 101,838
Revenue
Tenant Rent 60,847 43,163 17,684 508,658 345,300 163,358
PH Operating Subsidy ‐ ‐ ‐ 291,890 290,757 1,133
RAD HAP Subsidy 132,746 159,544 (26,798) 672,097 797,718 (125,620)
Other Revenue 2,954 9,000 (6,046) 71,417 72,000 (583)
Total Revenue 196,546 211,706 (15,160) 1,544,063 1,505,775 38,288
Administrative 39,525 46,517 (6,992) 342,120 372,133 (30,013)
Tenant Services 1,465 4,979 (3,514) 8,152 39,833 (31,682)
Utilities 45,158 43,258 1,900 380,077 346,067 34,011
Maintenance 62,925 47,842 15,084 455,227 382,733 72,494
Protective Services 4,750 4,750 ‐ 60,577 38,000 22,577
Other Expenses 7,845 18,683 (10,839) 110,523 149,467 (38,943)
Subtotal Operating Expenses 161,669 166,029 (4,361) 1,356,677 1,328,233 28,443
Replacement Reserve 25,833 25,833 0 155,000 155,000 0
Voluntary Pooled Reserve 1,667 1,667 0 10,000 10,000 0
Repay Siemens Loan 9,167 9,167 0 45,833 55,000 (9,167)
Extraordinary Maintenance ‐ ‐ ‐ ‐ ‐ ‐
Capital Outlay 1,404 ‐ 1,404 18,690 ‐ 18,690
Subtotal Other 38,070 36,667 1,404 229,524 220,000 9,524
Net Revenue (3,193) 9,010 (12,203) (42,138) (42,459) 320
Operating Expenses
Other Items
Southside Properties
Operating Expenses
Other Items
HACARevenue/ExpenseSummaryMay2015
Property/ProgramCurrentMonth YeartoDate
Central Asheville Properties
Actual Budget Variance Actual Budget Variance
HACARevenue/ExpenseSummaryMay2015
Property/ProgramCurrentMonth YeartoDate
Revenue
Tenant Rent 40,733 50,792 (10,059) 359,427 406,333 (46,906)
PH Operating Subsidy ‐ ‐ ‐ 547,905 529,850 18,055
RAD HAP Subsidy 222,829 242,704 (19,875) 1,146,816 1,213,522 (66,706)
Other Revenue 5,309 15,667 (10,357) 61,497 125,333 (63,836)
Total Revenue 268,871 309,163 (40,291) 2,115,645 2,275,038 (159,394)
Administrative 58,521 69,358 (10,837) 478,658 554,867 (76,208)
Tenant Services 1,684 5,275 (3,591) 15,490 42,200 (26,710)
Utilities 47,686 66,600 (18,914) 577,428 532,800 44,628
Maintenance 59,382 69,342 (9,959) 589,271 554,733 34,537
Protective Services 7,250 7,250 0 99,988 58,000 41,988
Other Expenses 8,395 21,792 (13,397) 109,236 174,333 (65,097)
Subtotal Operating Expenses 182,919 239,617 (56,697) 1,870,071 1,916,933 (46,862)
Replacement Reserve 25,000 25,000 ‐ 150,000 150,000 ‐
Voluntary Pooled Reserve 21,500 21,500 ‐ 129,500 129,000 500
Repay Siemens Loan 10,417 10,583 (167) 52,083 63,500 (11,417)
Extraordinary Maintenance ‐ ‐
Capital Outlay 1,888 ‐ 5,255 ‐
Subtotal Other 58,804 57,083 (167) 336,839 342,500 (10,917)
Net Revenue 27,148 12,463 14,685 (91,265) 15,605 (106,870)
Revenue
Tenant Rent 85,394 71,167 14,227 739,659 569,333 170,326
PH Operating Subsidy ‐ ‐ ‐ 577,660 475,075 102,585
RAD HAP Subsidy 202,626 237,510 (34,884) 992,177 1,187,552 (195,375)
Other Revenue 6,643 12,408 (5,766) 133,882 99,267 34,615
Total Revenue 294,662 321,085 (26,423) 2,443,379 2,331,227 112,152
Administrative 54,305 63,633 (9,328) 450,744 509,067 (58,323)
Tenant Services‐incl HCEP 3,312 8,627 (5,315) 28,157 69,017 (40,860)
Utilities 31,048 63,933 (32,885) 549,235 511,467 37,769
Maintenance 88,033 73,650 14,383 674,790 589,200 85,590
Protective Services 7,167 7,167 0 109,319 57,333 51,986
Other Expenses 10,400 27,925 (17,525) 203,281 223,400 (20,119)
Subtotal Operating Expenses 194,264 244,935 (50,671) 2,015,526 1,959,483 56,043
Replacement Reserve 41,667 41,667 0 250,000 250,000 ‐
Voluntary Pooled Reserve 8,500 8,500 ‐ 50,500 51,000 (500)
Repay Siemens Loan 13,333 13,167 167 66,667 79,000 (12,333)
Extraordinary Maintenance ‐ ‐ ‐ 21,631 ‐ 21,631
Capital Outlay 1,988 ‐ 1,988 1,988 ‐ 1,988
Subtotal Other 65,489 63,333 2,155 390,786 380,000 10,786
Net Revenue 34,910 12,817 22,093 37,067 (8,257) 45,324
58,917 41,944 16,973 (34,575) (75,187) 40,612
Other Items
RAD Properties Net Revenue
West Asheville Properties
Operating Expenses
Other Items
North Asheville Properties
Operating Expenses
Actual Budget Variance Actual Budget Variance
HACARevenue/ExpenseSummaryMay2015
Property/ProgramCurrentMonth YeartoDate
Revenue
Tenant Rent 15,671 16,225 (554) 142,405 129,800 12,605
PH Operating Subsidy ‐ 38,417 (38,417) 315,438 307,333 8,104
Other Revenue (551) 8,150 (8,701) 14,679 65,200 (50,521)
Total Revenue 15,120 62,792 (47,671) 472,522 502,333 (29,811)
Administrative 16,437 15,542 895 123,735 124,333 (599)
Tenant Services 194 3,500 (3,306) 2,585 28,000 (25,415)
Utilities 17,489 20,550 (3,061) 135,507 164,400 (28,893)
Maintenance 12,693 10,917 1,776 138,440 87,333 51,106
Protective Services 1,667 1,667 0 33,311 13,333 19,978
Other Expenses 2,998 7,367 (4,369) 34,433 58,933 (24,500)
Subtotal Operating Expenses 51,478 59,542 (8,064) 468,011 476,333 (8,323)
Net Revenue ‐ LWH (36,358) 3,250 (39,608) 4,511 26,000 (21,489)
Youthful HAND
Revenue 1,956 ‐ 1,956 14,899 ‐ 14,899
Expenses 3,405 ‐ 3,405 21,224 ‐ 21,224
Net Revenue ‐Youthful HAND (1,449) ‐ (1,449) (6,325) ‐ (6,325)
PH Net Revenue (37,807) 3,250 (41,057) (1,814) 26,000 (27,814)
Administrative Revenue
Admin Fees ‐ Pre RAD ‐ ‐ ‐ 188,067 175,650 12,417
Administrative Fees ‐ Post RAD 117,016 108,500 8,516 589,894 651,000 (61,106)
FSS Grant ‐ 10,333 (10,333) 16,960 82,667 (65,707)
Other Revenue 3,893 3,250 643 25,733 26,000 (267)
Total Revenue 120,909 122,083 (1,174) 820,654 935,317 (114,662)
Administrative 99,247 103,617 (4,369) 605,040 828,933 (223,893)
Tenant Services ‐ FSS 9,062 12,175 (3,113) 48,795 97,400 (48,605)
Maintenance 95 367 (272) 5,157 2,933 2,224
Other Expenses 2,517 4,775 (2,258) 20,449 38,200 (17,751)
Subtotal Operating Expenses 110,922 120,933 (10,012) 679,442 967,467 (288,025)
HCVP Net Admin Revenue 9,988 1,150 8,838 141,212 (32,150) 173,362
Revenue 1,978,779 1,444,292 534,487 9,323,007 11,554,333 (2,231,326)
Expense 1,393,020 1,416,667 (23,647) 8,769,048 11,333,333 (2,564,285)
Net HAP 585,759 27,625 558,134 553,959 221,000 332,959
Lee Walker Heights
Operating Expenses
Housing Choice Voucher Program
Operating Expenses
Housing Assistance Payment Funds
Actual Budget Variance Actual Budget Variance
HACARevenue/ExpenseSummaryMay2015
Property/ProgramCurrentMonth YeartoDate
Revenue
Management/Overhead Fees 167,799 131,900 35,899 1,133,541 1,055,200 78,341
Bookkeeping Fees 22,345 20,692 1,653 157,648 165,533 (7,886)
Other Revenue 1,376 17,708 (16,332) 50,353 141,667 (91,313)
Total Revenue 191,520 170,300 21,220 1,341,542 1,362,400 (20,858)
Administrative 156,181 130,108 26,073 903,283 1,040,867 (137,584)
Utilities 5,927 1,967 3,960 41,049 15,733 25,315
Maintenance 2,735 11,958 (9,224) 49,934 95,667 (45,733)
Other Expenses 4,526 13,508 (8,982) 38,295 108,067 (69,772)
Subtotal Operating Expenses 169,369 157,542 11,827 1,032,560 1,260,333 (227,773)
Transfers to Programs ‐ ‐ ‐ 35,417 ‐ 35,417
Debt Service 4,633 (4,633) 37,067 (37,067)
Capital Outlay 2,398 ‐ 2,398 10,775 ‐ 10,775
Subtotal Other 2,398 4,633 (2,235) 46,192 37,067 9,125
Net Revenue ‐ Central Management 19,754 8,125 11,629 262,790 65,000 197,790
Edington Center
Revenue 2,965 ‐ 2,965 3,323 ‐ 3,323
Expenses 6,670 ‐ 6,670 54,810 ‐ 54,810
Net Revenue ‐Edington Center (3,705) ‐ (3,705) (51,487) ‐ (51,487)
HACA Central Management‐Net Rev 16,048 8,125 7,923 211,303 65,000 146,303
Agency Wide Net Revenue‐less HAP 47,146 54,469 (7,323) 316,127 (16,337) 332,464
Housing Assistance Payments 585,759 27,625 558,134 553,959 221,000 332,959
Net Revenue 632,905 82,094 550,811 870,085 204,663 665,422
Other Items
HACA Central Management
Operating Expenses
AMENDMENT TO THE ADMINISTRATIVE PLAN FOR THE HOUSING CHOICE VOUCHER PROGRAM Posted June 1, 2014
6-III.A. OVERVIEW OF RENT AND SUBSIDY CALCULATIONS TTP Formula [24 CFR 5.628] HUD regulations specify the formula for calculating the total tenant payment (TTP) for an assisted family. TTP is the highest of the following amounts, rounded to the nearest dollar:
• 30 percent of the family’s monthly adjusted income (adjusted income is defined in Part II)
• 10 percent of the family’s monthly gross income (annual income, as defined in Part I, divided by 12)
• The welfare rent (in as-paid states only)
• A minimum rent between $0 and $50 that is established by the PHA
The PHA has authority to suspend and exempt families from minimum rent when a financial hardship exists, as defined in section 6-III.B.
The amount that a family pays for rent and utilities (the family share) will never be less than the family’s TTP but may be greater than the TTP depending on the rent charged for the unit the family selects.
Welfare Rent [24 CFR 5.628] HACA Policy
Welfare rent does not apply in this locality.
Minimum Rent [24 CFR 5.630] HACA Policy
The minimum rent for this locality is $25$8 effective December 1, 2014; $17 effective December 1, 2015; and $25 effective December 1, 2016 and thereafter.
Family Share [24 CFR 982.305(a)(5)] If a family chooses a unit with a gross rent (rent to owner plus an allowance for tenant-paid utilities) that exceeds the PHA’s applicable payment standard: (1) the family will pay more than the TTP, and (2) at initial occupancy the PHA may not approve the tenancy if it would require the family share to exceed 40 percent of the family’s monthly adjusted income. The income used for this determination must have been verified no earlier than 60 days before the family’s voucher was issued. (For a discussion of the application of payment standards, see section 6-III.C.)
PHA Subsidy [24 CFR 982.505(b)] The PHA will pay a monthly housing assistance payment (HAP) for a family that is equal to the lower of (1) the applicable payment standard for the family minus the family’s TTP or (2) the gross rent for the family’s unit minus the TTP. (For a discussion of the application of payment standards, see section 6-III.C.)
Utility Reimbursement [24 CFR 982.514(b)] When the PHA subsidy for a family exceeds the rent to owner, the family is due a utility reimbursement. HUD permits the PHA to pay the reimbursement to the family or directly to the utility provider.
HACA Policy
The PHA will make utility reimbursements to the family.
ASHEVILLE HOUSING AUTHORITY Housing Voucher Payment Standards
FY 2015 - Amended
CHANGES EFFECTIVE July 1, 2015
HUD FAIR MARKET RENTS
ZERO BEDROOM ONE BEDROOM TWO BEDROOMS THREE BEDROOMS FOUR BEDROOMS
FY2015
$510 $723 $857 $1100 $1426
ASHEVILLE HOUSING AUTHORITY PAYMENT STANDARDS
ZERO BEDROOM ONE BEDROOM TWO BEDROOMS THREE BEDROOMS FOUR BEDROOMS
10/1/14-6/30/15
$510 $723 $857 $1100 $1426
Effective 7/1/15
$561 $795 $857 $1100 $1426