1. Kentucky Housing Association HCV Update
Milan Ozdinec, Deputy Assistant Secretary for Public Housing and Voucher Programs

2. Topics Overview of HCV Program HUD’s HCV Objectives
HUD’s Management Plan Goals for HCV
Budget
Add Overview slide of program and effort for HCV program on shortfall and leasing opportunities, where program stands, storyboard

3. Overview of HCV Program
HCV program currently assists 2.1 million households
31,455 households are assisted in Kentucky
2010 ABA for the entire HCV program was $16.6 billion
Kentucky’s total 2010 ABA accounts for $171.2 million
2010 renewal funding for the HCV program is $16.4 billion
Excludes new incrementals such as new units and special purpose vouchers
Management goals are focused on leasing potential and shortfall prevention
Kentucky’s household numbers are as of June 2010 and include UMLs for all Has except Louisville which used UMAs since it is a MTW.

4. Voucher Renewal Funding 2001-2010
$ in millions
Note: 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.

5. Budget Utilization Trends
$ in millions
HAP expenditures have fallen short of budget authority in recent months
For June 2010 HAP Budget Authority was $1.39 billion and HAP expenditures was $1.35 billion

6. Trends in the Number of Vouchers
HCV program currently serves 2.1 million households
Number of voucher-assisted households increased by 0.4% over last year
Note: Includes MTW housing authorities.

7. Trends 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 2009
Leasing continued to decrease in early 2010

8. Our Objectives?
Bottom Line – house more people with HCV and stabilize HCV
Sept 2009 – Sept 2011
New Increments: VASH, FUP, Disability related, etc.
Leasing more of the existing program
HUD Efforts
Developing spreadsheet tools to identify leasing potential / shortfall prevention
Identifying resources, building capacity
Being organizationally more flexible
Outreach to our partners – training, consultation

9. HCV Initiative: One Year Earlier….
Last Year’s Conference – Problem identified: Inadequate attention to HUD’s largest subsidized housing program
Management Commitment to re-focus on HCV
HCV Working Group Formed
FO and HQ team members

10. One Year Later…. Investment in capacity building in HUD and PHAs
Field Office Points of Contact and Subject Matter Experts identified and trained
Training at numerous PHA conferences and at HUD FOs
Development of Spreadsheet Tools
Nationwide Data Report to Identify Risk and Opportunities
Individual PHA Projection Spreadsheet
Shortfall Prevention Team and Process launched
Utilization SharePoint Site developed to manage process and data
Region 4 Pilot initiated

11. Our Objective: Optimizing and Stabilizing HCV Leasing Nationally

12. Optimizing and Stabilizing HCV Leasing in Kentucky
Stabilization and optimization metrics for Kentucky:
4 PHAs with potential shortfalls using projections for end of CY
No PHAs in the Top 200, 29 PHAs have some leasing potential using projections for end of CY
12 PHAs in the optimal zone using YTD budget and leasing numbers
Comparison of Kentucky to Nation using YTD numbers

13. Building Capacity by Mastering Critical Variables
Hierarchy of HCV Capacity
Success Rate
Impacting Variables with Policy Choices
Good measurement of variables
Minimal to Anecdotal Knowledge of variables
Turn over Rate
Time from Issuance to Lease
Per Unit Cost

14. Two Year Forecasting
The key to stability:
Projecting into Year Two
Estimating Funding: Modeling Re- benchmarking
Testing Issuance scenarios – monthly updating

15. HUD HCV Management Goals
Increasing Families Served
Making VASH work
Partnership and problem solving

16. Budget Status 2011 Status 2012 Planning
Relevance to HCV efforts at Optimizing and Stability