Number
R_12926
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving HACM’s 2018 Fiscal Operating Budgets that include the Section 8 Housing Choice Voucher Program, Homeownership Program, Berryland, Northlawn and Southlawn (non-subsidized affordable housing) developments, Low Income Rent Public Housing Program and Central Office Cost Center
The Secretary-Executive Director is required to submit an annual operating budget for approval by the Board.
Analysis
Body
WHEREAS, the Secretary-Executive Director is required to submit an annual operating budgets for the HACM’s Low Rent Public Housing program, Section 8 Housing Choice Voucher program, Home Ownership program, Non-subsidized Affordable Housing program (aka Berryland, Northlawn and Southlawn developments), and Central Office Cost Center for approval by the board; and
WHEREAS, the Housing Authority of the City of Milwaukee owns and manages 2,998 rental units under the federally-funded low rent public housing program; and
WHEREAS, the Secretary-Executive Director is required by regulations promulgated by the U. S. Department of Housing and Urban Development to develop property-based budgets and funding allocations consistent with the requirements of the Final Rule 79FR 54983 published in the Federal Register on 9/19/2005 as amended by PIH Notice 2006-14(HA); and
WHEREAS, the Secretary-Executive Director recommends that a total budget of $19,747,283 including the extraordinary maintenance items of $527,000 be approved for Fiscal Year 2018; and
WHEREAS, the Secretary-Executive Director recommends that the property-based budgets for all Asset Management Property (AMP) groupings be approved; and
WHEREAS, the Housing Authority of the City of Milwaukee (HACM) administers the federally funded Section 8 Housing Choice Voucher Program which serves more than 6,200 families; and
WHEREAS, the Secretary-Executive Director recommends an administrative budget for the year 2018 of $3,5...
Click here for full text