The Tempe Housing Authority meeting held on November 30, 2023, focused on key updates regarding housing vouchers, financial performance, and ongoing initiatives aimed at improving housing accessibility in the community.

The meeting began with a financial overview, revealing that the Housing Authority has expended approximately 93% of its budget, leaving reserves of $998,000 from previous years. The discussion highlighted the current status of housing vouchers, with Tempe allocated 1,119 vouchers, of which 966 are actively leased, reflecting an 82.44% leasing rate. This marks an increase of 40 vouchers since the last report. The attrition rate for vouchers is reported to be under 10%, indicating stability in the program.

A visual comparison showed Tempe's leasing performance slightly above the national average, with around 200 individuals and families seeking housing at any given time. The average cost per unit has risen to $1,200, up from $886 in 2020, aligning with broader trends in the Phoenix metropolitan area where fair market rents have increased by 9% this year.

The meeting also addressed the Section 8 Management Assessment Program (CMAP), where Tempe achieved a high performer designation from HUD with a score of 96%. Recognition was given to key team members for their contributions to this success.

Updates on the waitlist revealed that the first family from the recently opened list, which began in February, was housed in November, demonstrating the efficiency of the program. The Housing Authority's navigator assisted 222 individuals in their housing searches during the quarter.

Additionally, the transition of management at the city’s bridge shelter to Mercy House Living Centers was reported as successful, allowing the outreach team to refocus on street operations.

In a significant development, the Tempe Coalition for Affordable Housing announced plans to acquire a vacant lot for affordable housing development, with due diligence currently underway. The Coalition's financial health remains stable, breaking even on rents collected from its housing portfolio.

The meeting concluded with an invitation for council members to ask questions or provide comments, emphasizing the ongoing commitment to enhancing housing solutions in Tempe.