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File #: R13448    Version:
Type: Housing Authority Resolution Status: Passed
File created: 12/6/2023 In control: HOUSING AUTHORITY
On agenda: 12/13/2023 Final action: 12/13/2023
Effective date:    
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.
Sponsors: THE CHAIR
Attachments: 1. 2024 Budget Summaries, 2. 2024 Consolidated Budget, 3. 2024 Central Office COCC Operating Budget, 4. Dec 11, 2023 HUD Ltr to HACM re: 2024 Section 8 Operating Budget, 5. 2024 Section 8 WorkPlan 2024, 6. 2024 Budget with Additional Scenario Analysis, 7. 2024 Unsubsidized Housing BNS Operating Budget, 8. 2024 Public Housing Operating Budget, 9. 2024 Affordable -Consolidated LLC Budget Comparison
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
12/13/20231 HOUSING AUTHORITY AMENDED

Minutes note: 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 HUD Milwaukee Field office's Corrective Action Plan. Willie L. Hines, Jr., HACM’s Secretary-Executive Director, thanked the Board for attending the special budget meeting that allowed the Commissioners to become familiar with the budgets and how the HACM’s processes are derived.
Pass3:0 Action details Meeting details Not available
12/13/20231 HOUSING AUTHORITY ADOPTED

Minutes note: As amended.
Pass3:0 Action details Meeting details Not available
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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