Presentation on theme: "Kentucky Housing Association HCV Update"— Presentation transcript:
1Kentucky Housing Association HCV Update Milan Ozdinec, Deputy Assistant Secretary for Public Housing and Voucher Programs
2Topics Overview of HCV Program HUD’s HCV Objectives HUD’s Management Plan Goals for HCVBudgetAdd Overview slide of program and effort for HCV program on shortfall and leasing opportunities, where program stands, storyboard
3Overview of HCV Program HCV program currently assists 2.1 million households31,455 households are assisted in Kentucky2010 ABA for the entire HCV program was $16.6 billionKentucky’s total 2010 ABA accounts for $171.2 million2010 renewal funding for the HCV program is $16.4 billionExcludes new incrementals such as new units and special purpose vouchersManagement goals are focused on leasing potential and shortfall preventionKentucky’s household numbers are as of June 2010 and include UMLs for all Has except Louisville which used UMAs since it is a MTW.
4Voucher Renewal Funding 2001-2010 $ in millionsNote: Does not include incrementals. The 2008 funding excludes the $723 million offset and the 2009 funding excludes the $750 million offset appropriated by Congress funding includes the $150 million set-aside awarded in April.
5Budget Utilization Trends $ in millionsHAP expenditures have fallen short of budget authority in recent monthsFor June 2010 HAP Budget Authority was $1.39 billion and HAP expenditures was $1.35 billion
6Trends in the Number of Vouchers HCV program currently serves 2.1 million householdsNumber of voucher-assisted households increased by 0.4% over last yearNote: Includes MTW housing authorities.
7Trends in Leasing Rates Additional funding was made available in December 2009 for PHAs facing shortfalls which reduced the decline in leasing at the end of 2009Leasing continued to decrease in early 2010
8Our Objectives?Bottom Line – house more people with HCV and stabilize HCVSept 2009 – Sept 2011New Increments: VASH, FUP, Disability related, etc.Leasing more of the existing programHUD EffortsDeveloping spreadsheet tools to identify leasing potential / shortfall preventionIdentifying resources, building capacityBeing organizationally more flexibleOutreach to our partners – training, consultation
9HCV Initiative: One Year Earlier…. Last Year’s Conference – Problem identified: Inadequate attention to HUD’s largest subsidized housing programManagement Commitment to re-focus on HCVHCV Working Group FormedFO and HQ team members
10One Year Later…. Investment in capacity building in HUD and PHAs Field Office Points of Contact and Subject Matter Experts identified and trainedTraining at numerous PHA conferences and at HUD FOsDevelopment of Spreadsheet ToolsNationwide Data Report to Identify Risk and OpportunitiesIndividual PHA Projection SpreadsheetShortfall Prevention Team and Process launchedUtilization SharePoint Site developed to manage process and dataRegion 4 Pilot initiated
11Our Objective: Optimizing and Stabilizing HCV Leasing Nationally
12Optimizing and Stabilizing HCV Leasing in Kentucky Stabilization and optimization metrics for Kentucky:4 PHAs with potential shortfalls using projections for end of CYNo PHAs in the Top 200, 29 PHAs have some leasing potential using projections for end of CY12 PHAs in the optimal zone using YTD budget and leasing numbersComparison of Kentucky to Nation using YTD numbers
13Building Capacity by Mastering Critical Variables Hierarchy of HCV CapacitySuccess RateImpacting Variables with Policy ChoicesGood measurement of variablesMinimal to Anecdotal Knowledge of variablesTurn over RateTime from Issuance to LeasePer Unit Cost
14Two Year ForecastingThe key to stability:Projecting into Year TwoEstimating Funding: Modeling Re- benchmarkingTesting Issuance scenarios – monthly updating
15HUD HCV Management Goals Increasing Families ServedMaking VASH workPartnership and problem solving
16Budget Status 2011 Status 2012 Planning Relevance to HCV efforts at Optimizing and Stability