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DC Housing Authority FY 2015 Budget Overview Coalition for Nonprofit Housing and Economic Development (CNHED) Annual Budget Briefing Thursday, April 17,

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Presentation on theme: "DC Housing Authority FY 2015 Budget Overview Coalition for Nonprofit Housing and Economic Development (CNHED) Annual Budget Briefing Thursday, April 17,"— Presentation transcript:

1 DC Housing Authority FY 2015 Budget Overview Coalition for Nonprofit Housing and Economic Development (CNHED) Annual Budget Briefing Thursday, April 17, 2014

2 Locally funded housing resources DC Local Local Rent Supplement Program Tenant Based Project / Sponsor Federal Programs Public Housing Housing Choice Voucher Program Partnership Program/ Project Based DC Housing Authority Programs: 04/17/2014 DCHA Budget Overview 2

3 3  Tenant-based Assistance is provided directly to eligible families by way of a voucher Families may only use the voucher in the District of Columbia  Project-based Project-based assistance may be provided to existing, substantially rehabilitated or new construction units that meet Housing Quality Standards Project-based units may include supportive services, but are not required to do so.  Sponsor-based Assistance is attached to the Housing Provider for units that the provider owns, operates or leases. LRSP funds may ONLY be used to directly pay for housing and may not be used for supportive services or administrative costs. Housing Providers may shift the LRSP subsidy from unit to unit only if the units meet all DCHA requirements. To be eligible for LRSP funding, a Sponsor-based Housing Provider must provide or otherwise facilitate supportive services for families living in LRSP units. Local Rent Supplement Program Locally-funded voucher program that mirrors the federally funded voucher program with key differences designed to address the unique dynamic of affordable housing needs in the District of Columbia. 04/17/2014 DCHA Budget Overview

4 Public Housing Operating Subsidy 89% Proration - slight increase from FY14 but still in sequestration Public Housing Capital Fund Slight increase over FY14 but still 50% less than previous allocations New funding for Homeless Veterans (VASH) New funding for Choice Neighborhoods Initiative (CNI) FY 2015 Federal Budget Overview 4 04/17/2014 DCHA Budget Overview

5 FY 2014 Local Budget Recap 04/17/14 DCHA Budget Overview New LRSP Funding in FY14 - $9.75 million Tenant Based Program - $3.25 million o households from DCHA waiting list Project / Sponsor Based Program - $6.5 million o 257 – project/sponsor units FY13 DHCD Consolidated RFP o 17 – project based DBH assisted units o 100 – project/sponsor for FY14 DHCD Consolidated RFP 5

6 Local Rent Supplement Program - $3 million project / sponsor based - $1 million tenant based (seniors) Public Safety - Continued support of public safety DC Local - Continued support of existing households FY 2015 Local Budget Overview Mayor’s Proposed Budget 04/17/14 DCHA Budget Overview FY 15 Local Budget Allocation from City LRSP $ 32,792,324 Public Safety $ 4,000,000 DC Local 500 $ 7,140,000 Total Allocation from City $ 43,932,324 6

7 Local Rent Supplement Program Occupancy and Unit Data Program Type Total AllocationLeased Utilization Rate Tenant Based % 04/17/14 DCHA Budget Overview Program Type Total Awarded Unit Delivery Status Awarded/ Committed Under Construction**Online Project/Sponsor ** Delivery date of units subject to change. Current projection is based on latest information provided. 7


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