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WAHA Spring Conference April 9, 2014. For your continued dedication and work serving our residents! WI PHAs continue to do a great job of administering.

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Presentation on theme: "WAHA Spring Conference April 9, 2014. For your continued dedication and work serving our residents! WI PHAs continue to do a great job of administering."— Presentation transcript:

1 WAHA Spring Conference April 9, 2014

2

3 For your continued dedication and work serving our residents! WI PHAs continue to do a great job of administering your programs in a difficult financial and regulated environment.

4 HCV Program: 38/60 High Performers in SEMAP No Troubled PHAs Public Housing:

5 1. Maximizing Voucher Utilization and Public Housing Occupancy 2. Recover, Sustain, or Reposition Public Housing Agencies 3. Address the Viability of PHA Finance and Governance 4. Preserve and Revitalize Affordable Housing Inventory 5. Achieve Operational Excellence (Internal)

6 Changing Times for PHAs Program Changes Funding Changes Increased Fiscal Awareness PHA Staff Boards / Local Officials / Community Partners Know programs and available options Rental Assistance Demonstration Voluntary Conversion Program Transfers / Consortiums

7 Funding prorations HCV – HAP / Admin Fee Operating Subsidy Changes that effect your programs Flat Rent provision in 2014 Appropriations Unit classifications / Vacancies for PHAS – Management scores

8 Contact Legislators Support WAHA / Industry Groups Keep Boards / Local Officials aware of effect on your residents and community.

9 HCV funding prorations 99% HAP 75% Admin Many well run HCV programs are experiencing fiscal problems MUST create and maintain budgets and projections MUST be aware of Admin Fees and program costs MUST know program factors such as per unit costs, success rates, attrition rates, etc.

10 Our office will work with you on cost / leasing projections Don’t wait until it’s too late to make changes! Some may take months to have an effect. Boards MUST be knowledgeable on programs and especially financial oversight. Unfortunately some programs will not be able to sustain “business as usual” due to financial conditions Possible repositioning actions, i.e., transfer to another PHA

11 Ongoing / current concerns Chronic occupancy problems for some small rural PHAs Aging PH stock requires extensive renovation Lack of adequate/available CFP funds Reduction in operating subsidy Lower rental income due to economy

12 Options for PHAs Rental Assistance Demonstration (RAD) Low Income Housing Tax Credits Voluntary Conversion

13 FY14 Omnibus Appropriations Act did not include a provision to increase the 60,000 unit cap. By December 31, 2013, the Department received applications for more than 176,000 units. WI had one PHA (Antigo) with 84 units reserved in the first round.

14 Queue / Wait list of PHAs above cap: (5) in WI Dane County Housing Authority Westby Housing Authority West Bend Housing Authority Wausau Community Development Authority Marshfield Community Development Authority

15 The RAD team at HUD will fully review and provide contingent approval of applications meeting all applicable criteria in the current RAD Notice. HUD intends to honor the standing of current applicants in queue above the 60,000 unit threshold PHAs are encouraged to continue to apply for RAD and will be reviewed in the order submitted. RADBlast notifications available for sign-up PHAs can always apply and not convert later

16 2014 Capital Fund documents due April 15 th 2014 HCV Set-Aside applications due April 15 th * See PIH Notice Flat Rent provisions implemented by June 1 st PHAs with March 31 FYE report in EPIC April 1st – 30th Maintain PHA Executive Director and Commissioner contact information in PIC (Please update our office)

17 Questions?


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