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Northampton Housing Authority reports $33,366 in tenant account receivable write-offs
Summary
Interim executive director told the board the authority plans a $33,366 quarterly write-off of uncollectible tenant accounts; staff described typical reasons and that no board motion was required.
Director Mayneville told the board the authority plans to write off $33,366 in tenant account receivables as part of its routine quarterly accounting.
Mayneville said write-offs occur for a range of reasons, including tenants who die midquarter, evictions, or residents who leave owing rent. He said the practice is an industry standard and noted that EOHLC requires quarterly write-offs.
The board discussed the matter but staff said a formal motion or resolution was not required for the write-off; the director brought the figure for the board’s awareness and offered to answer follow-up questions.
