[{"_1":2,"_100":-5,"_101":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6693175,"mediaKeyId","3429282-79ce7bb119a429bbebe6118d8848d121","parentId",3429282,"title","HRHA financial report: budgets steady, HUD grant delays and voucher management prompt caution","audioSeconds",232,"startMs",147000,"endMs",379000,"viewUrl","/Search/View?dp=1&key=3429282-79ce7bb119a429bbebe6118d8848d121&start=147&end=379","thumbnailUrl","https://assets.pipeline.soar.com/3429282-79ce7bb119a429bbebe6118d8848d121/thumbnail_147000.jpg","articleUrl","/articles/6693175/Virginia/HRHA-financial-report-budgets-steady-HUD-grant-delays-and-voucher-management-prompt-caution","mediaUrl","https://secure.pipeline.soar.com/6693175-1eb712b7dbef793d9cd2da591e35b57f/orig.mp4?Expires=1770791956&Signature=jgJU6c~2mg-cc8QFk~n8CMAytPOJoi017GR2q6fkN7ujb9BKkXcxj~RyX~LIeUvfvVF3~BLJa1PmRWWdw0J5QMgN3KGWFJ-k8XwWYSzUxyC-IRVRVbMsMX-5TKc8TctUgUZ4yM31fbRo~ir308vMJ-q8H4w5I8m5LokojKtuUxAvm0z5xnKb84BbIPhJ~CdgMU2lVrigU9m8ZG2lHb4u6Q~4gztgymGbXXp05m9ahepop7E2eMJfneI-0SkGudVpaP3iT-ajH3rHqYUlEO6Kuq-cun7ujc08AbwnfMReyzyM1WmxI9NH4B7s56HyUYapU8ZdQUYXT-4cVXChUk85rQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Harrisonburg","date","2025-05-21T00:00:00Z","article","The Harrisonburg Redevelopment and Housing Authority on May 21 received and approved financial and management reports showing overall income ahead of projections and expenses below budget, but staff warned of two program-level risks: a delayed HUD-funded service coordinator grant and a tighter Housing Choice Voucher (HCV) budget authority position.

Michael, executive director, told the board that most programs are building reserves and that overall spending is under projections. He said the authority has not yet received approximately $90,000 in a HUD-funded service coordinator grant; HUD staff have told HRHA the funds exist but the agency has not yet approved distribution.

Staff said they will self-fund the service coordinator program in the near term and monitor the situation, but if the grant has not been released by September or October the authority would likely have to consider discontinuing that service. Michael described contingencies to move funds internally if necessary but said extended self-funding beyond a year would create hardship in that program area.

Housing Choice Voucher program: staff reported the HCV program experienced a small negative in HAP reserves but recently received a HUD notice indicating HAP funding increased to $8.2 million (from a historical $7 million figure); the authority will adjust budgets when final official notice arrives. The authority currently is not issuing new vouchers, has about nine vouchers in use outside the authority at the moment and historically averages 10–14 voucher issuances in comparable periods. The HCV program had 768 vouchers under lease and a waiting list of roughly 2,500 names, staff reported.

Staffing and operations: two positions will remain vacant for now — an occupancy specialist in the HCV program and an administrative position serving Franklin Heights and related properties — after two recent departures. A staff member named Charlie will leave in June; a candidate is scheduled to start June 16 to fill a separate role. Staff said the authority will not broadly refill positions until funding clarity improves; doing so has contributed to lower operating expenses.

Payment standards: staff said they are analyzing potential changes to HCV payment standards. Presently the authority uses a 20% threshold above fair market rents; staff said reducing that to 10% is under consideration to contain HAP spending, although immediate changes would not affect current high-cost units until future adjustments are made.

Board action: the board approved the minutes for April 16, 2025, then approved the financial reports and the management reports by voice vote. Exact voice-vote tallies were not recorded in the transcript; staff noted no members opposed.

Homelessness and grants: staff briefed the board on ongoing uncertainty in federal and state homeless assistance awards. Michael said federal Emergency Housing Voucher funding issued during the COVID response may phase out and warned of potential impacts in Virginia; HRHA itself was not allocated additional emergency vouchers but regional partners may request services as those funds expire. The agency also flagged that HOPWA contract transitions will close the current program at the end of the week and that the Harrisonburg Community Health Center is working with HRHA on transitional arrangements for rental assistance.

Management report highlights: maintenance and preventive work continue across properties, roofing bids are out for Franklin Heights, and the authority expects a $300,000 reimbursement on a recently closed grant that will increase cash balances.

Board motion and votes: the board made motions to approve the minutes, financial report and management report; motions carried by voice vote with no opposition recorded.","mediaType","Video","parentTitle","Harrisonburg - Harrisonburg Redevelopment and Housing Authority on 2025-05-21 4:00 PM - May 21, 2025","oneSentenceSummary","HRHA reported income above projections and expenses below budget overall; staff flagged a delayed HUD service coordinator grant that could force program cuts by fall if not released, and discussed housing choice voucher reserves, staff vacancies and potential payment standard changes.","taxTitle","Harrisonburg (Independent City), Virginia","taxId",9561,"location","Virginia","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6693181,"HRHA approves $1 million predevelopment equity from Enterprise, advances Bluestone Town Center and linked senior housing projects",350,681000,1031000,"/Search/View?dp=1&key=3429282-79ce7bb119a429bbebe6118d8848d121&start=681&end=1031","https://assets.pipeline.soar.com/3429282-79ce7bb119a429bbebe6118d8848d121/thumbnail_681000.jpg","/articles/6693181/Virginia/HRHA-approves-1-million-predevelopment-equity-from-Enterprise-advances-Bluestone-Town-Center-and-linked-senior-housing-projects","https://secure.pipeline.soar.com/6693181-d3a0ae59b551570495b5ec8cd24209b2/orig.mp4?Expires=1770791956&Signature=ZpgRmRd1pIhq0om26TWIX9wfayz0wWnIjc5fyB8MOaL1MGfC4eIhOkcVp7QE0Umq9UOjBq5TXqTq3Anie6fjyeIYa~64hm5-l8cL64lBEDOPs8~idK6upcyZ5TPZU3jAYfAUZR7SBxM~tPWXkOf6Iw0e7KaYgaelg3J21ExCb9ByHyzDy05QQJ1omHq22DXGlfoBzlxHpoASU2hZRWkufNYmvkqKrX~225vHih7aIBGXe7tGJVstM0Q1gZNgOdElfJe7RU-5VrL2Oyq~5JO3tQC5ch4xul2LsiH0LZVIzt--CtXVPcdVYBSBxfJGov72wEvVl~4pNYhitQrYIBzeZA__&Key-Pair-Id=KUT5TJCACFTXG","The Harrisonburg Redevelopment and Housing Authority on May 21 approved a resolution authorizing acceptance of an equity investment from Enterprise to support the Bluestone Town Center multifamily project and an associated senior housing development.

The move, described in a presentation during the executive director’s report, accepts a $1,000,000 allocation from Enterprise for predevelopment financing and positions Enterprise as the syndicator for both projects. Michael, executive director, said the arrangement will help build the financial stack for projects that together approach $18 million in credits and financing, and that the $1,000,000 would be repaid from developer fees at closing.

Why it matters: the equity commitment helps close gaps in predevelopment financing and aligns the two developments under a common syndicator, which staff said simplifies coordination for tax credit and other layered financing. The board approved the resolution by roll call.

Details and next steps: staff said several steps remain before vertical construction can begin. The authority must finalize a property subdivision, arrange bonding and complete infrastructure financing. Michael said the authority is working to close an infrastructure loan with a CDFI in Richmond and is awaiting an appraisal from United Bank; a delay in the appraisal contributed to a two-month delay in the financing timetable. Matt Guthrie (identified as a senior banking contact) has been working on the appraisal, staff said.

Staff described a proposed ownership structure in which the housing authority would initially hold title and transfer a 99% interest to the Enterprise syndicate while retaining a one-percent stake and a lead role in contracts and community relations.

Construction and partners: Enterprise has toured the site and is participating in weekly coordination calls, staff said. Atlantic Union Bank is being considered for construction financing for the multifamily and senior housing; Enterprise has proposed Hillsman Construction as a preferred vertical contractor for the senior and multifamily buildings. Equity Plus and other finance partners remain engaged as the development team fills out the capital stack.

Board action: a motion to approve the resolution was made, seconded and approved by roll call. Gil Coleman, Kevin Kaufman, Luciano Benjamin, Chandra Green, Kenneth Catlop, Amanda Leach and Janet Alford Rogers each voted “aye.” Michael called the roll and announced the motion approved.

Context and community relations: board members discussed neighborhood communications tied to Bluestone construction. Victoria (staff lead for community relations on Bluestone) was identified as the primary contact for outgoing communications; board members asked staff to expand notification beyond social media when on-site work begins. Directors proposed yard signs, door-hanger notices and targeted mailings in addition to the Bluestone website and Facebook page. The board agreed to stand up a small communications working group to refine outreach ahead of active construction.

Other projects: staff said the authority is also advancing Thomas Village (currently under roof and on track for a November completion) and Commerce Village work. Staff noted ongoing work to finalize funding for Lineweaver enhanced renovation efforts and said additional investor proposals are under review.

Board comment: several directors voiced support for demonstrating visible progress on housing projects and for involving city officials in groundbreaking and ribbon-cutting events.

Votes at a glance: the resolution authorizing acceptance of equity investment from Enterprise was approved by roll call.","The Harrisonburg Redevelopment and Housing Authority voted to accept a predevelopment equity allocation from Enterprise to support Bluestone Town Center and related senior housing financing; board discussed subdivision, construction financing and timing for site work.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6693170,"HRHA reviews 2025 insurance package, board hears cyber, liability and property coverage details",358,1083000,1441000,"/Search/View?dp=1&key=3429282-79ce7bb119a429bbebe6118d8848d121&start=1083&end=1441","https://assets.pipeline.soar.com/3429282-79ce7bb119a429bbebe6118d8848d121/thumbnail_1083000.jpg","/articles/6693170/Virginia/HRHA-reviews-2025-insurance-package-board-hears-cyber-liability-and-property-coverage-details","https://secure.pipeline.soar.com/6693170-eefbea7dd8707331f6f3f436b941fd9c/orig.mp4?Expires=1770791956&Signature=mm2pGzrdW~XrdkZFKH2qSPnWpiaMIJr7JFrlVcQh-CFFWWHeshk4CnDDRvNdL8BDla0-GJfT62GSVIqX52zax97k8yHrx8Or8s0oK6AZc~CXBkISUEBlUfI8T0zcIzkpVB-7IYfZ-X-n4q~7ywHp6Dq6ZyQOvLDyoGylOOp2z-9yK66IbAafbefa17PmCNbjOtLwT8GcLzhS1wGOnytbdOGBc6WYjmYRw34TVEYchh2ZiPR4d6GqwnwdwfKOjqyOB9VwJ191Nto-rw5ocvb0x6wOHeOJxLJqYPY0ldG9tmyMupXcwm~69n3t3pS~i0hHGjkpN9wTWMYypGn~pKdFYw__&Key-Pair-Id=KUT5TJCACFTXG","The Harrisonburg Redevelopment and Housing Authority reviewed its insurance renewal package for 2025 during the May 21 meeting and had no action to take at that time. Staff presented coverage limits, total property values and new or expanded lines, including cyber liability.

Staff reported total property replacement values at roughly $56 million and said the overall annual premium is approximately $89,000, an increase of about 10% from the prior year. Key coverages discussed included general liability and public officials liability (a $1,000,000 limit with $4,000,000 aggregate noted in the presentation), automobile coverage, pollution/environmental liability, fidelity/crime coverage and workers’ compensation options.

Cyber liability: staff explained that cyber threats are increasingly common and that the authority is expanding cyber coverage and staff training with its IT vendor; staff described simulated phishing exercises used to test staff responses and reduce exposure to social engineering attacks.

Questions from the board focused on optional workers’ compensation add-ons described in the renewal packet (for items such as burial/funeral costs, counseling or other specific expenses). Staff said they would follow up with specific policy language to clarify who would be eligible for optional benefits and return that detail to the board.

No board action was required; staff said the plan is to renew coverages as presented unless the board requests changes. Board members asked staff to circulate the workers’ compensation clarifications when available.","HRHA staff presented the authority’s 2025 insurance renewal: total cost near $89,000, covering property, general and cyber liability, and public officials coverage. Board members asked for clarifications on workers' compensation add-ons and overall limits.","actionData","errors"]

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HRHA financial report: budgets steady, HUD grant delays and voucher management prompt caution

HRHA approves $1 million predevelopment equity from Enterprise, advances Bluestone Town Center and linked senior housing projects

HRHA reviews 2025 insurance package, board hears cyber, liability and property coverage details