Number
13448
Version
Substitute 1
Reference
Sponsor
The Chair
Title
Resolution approving HACM’s 2024 Fiscal Operating Budgets that include the Berryland, Northlawn and Southlawn (Unsubsidized affordable housing) developments, the Public Housing Program, the Central Office Cost Center, and the Affordable Housing developments (including Tax Credit properties)
The Secretary-Executive Director is required to submit an annual operating budget for approval by the Board.
Analysis
Staff is recommending amending the resolution removing “the Section 8 Housing Choice Voucher Program” from the title and removing its budget from the resolution being approved. That budget is expected to be brought back to the Board in January after the U.S. Department of Housing and Urban Development (HUD) finishes providing their comments and approval, as required in the Milwaukee HUD’s Corrective Action Plan.
Body
WHEREAS, the Secretary-Executive Director is required to submit annual operating budgets for the HACM’s Public Housing program, Section 8 Housing Choice Voucher program, Unsubsidized Affordable Housing program (aka Berryland, Northlawn and Southlawn developments), Central Office Cost Center, and Affordable Housing developments (including Tax Credit properties) for approval by the board; 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 $20,493,609 be approved for Fiscal Year 2024 for the Public Housing Program; 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 ...
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