Housing Opportunities Commission reports $5.8M HUD recapture, expects shortfall resolution by January
HOC told the committee HUD recaptured $5.8 million from its reserves this year, placing the authority in shortfall such that it cannot issue new vouchers now; HOC said it applied for shortfall funding and projects reissuing vouchers in spring if assistance arrives.
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Housing Opportunities Commission officials briefed the committee on how Road to Housing provisions intersect with public housing authorities and described the current status of HOC’s voucher program.
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