City of Milwaukee - File #: R13279

• File #: R13279
• Version: 0
• Type: Housing Authority Resolution
• Status: Passed
• File created: 12/3/2021
• In control: HOUSING AUTHORITY
• On agenda: 12/9/2021
• Final action: 12/9/2021
• Title: Resolution approving HACM’s 2022 Fiscal Operating Budgets that include the Consolidated Budget, the Central Office Cost Center, the Section 8 Housing Choice Voucher Program, the Berryland, Northlawn and Southlawn (unsubsidized affordable housing) developments, the Public Housing Program and the Affordable (Mixed Finance) Tax Credit (LLC) The Secretary-Executive Director is required to submit an annual operating budget for approval by the Board
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
12/9/2021	0	HOUSING AUTHORITY	ADOPTED; Minutes note: Fernando Aniban, HACM’s Chief Financial Officer, Kaylin Nuss, HACM’s Asset Director and Pamela Watson, HACM’s Senior Financial Analyst presented the 2022 Fiscal Operating Budgets, summarizing the documents included with the agenda. Commissioners discussed the Authority’s portfolio and properties that have transitioned their management over to HACM.	Pass	3:0

Number
13279

Version
Original

Reference

Sponsor
The Chair

Title
Resolution approving HACM’s 2022 Fiscal Operating Budgets that include the Consolidated Budget, the Central Office Cost Center, the Section 8 Housing Choice Voucher Program, the Berryland, Northlawn and Southlawn (unsubsidized affordable housing) developments, the Public Housing Program and the Affordable (Mixed Finance) Tax Credit (LLC)

The Secretary-Executive Director is required to submit an annual operating budget for approval by the Board
Analysis

Body
RESOLUTION: approving HACM’s 2022 Fiscal Operating Budgets that include the Consolidated Budget, Central Office Cost Center, Section 8 Housing Choice Voucher Program, Berryland, Northlawn and Southlawn (unsubsidized affordable housing) developments, Public Housing Program and Affordable (Mixed Finance) Tax Credit LLC

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), and Central Office Cost Center 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 $17,700,273 including the extraordinary maintenance items of $1,499,993 be approved for Fiscal Year 2022 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 Authority of the City of Milwaukee (HACM) administers the feder...