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Tempe Housing Authority reports HUD award after voucher shortfall; leasing of new vouchers paused
Summary
The Tempe Housing Authority told the Governing Board it is in a HUD budget shortfall, received roughly $1.2 million from HUD to cover the gap and has been instructed not to issue new vouchers while the shortfall is addressed.
The Tempe Housing Authority told the Governing Board on a quarterly update that it went into a budget authority shortfall in November and HUD has awarded about $1,200,000 to cover the gap.
The update, presented to the Tempe Housing Authority Governing Board by Deputy Community Health and Human Services Director Irma Hallaby Caine, said Tempe has an allocation of 1,139 housing vouchers and 1,073 of those are leased in the community, a 95% leasing rate. The authority reported budget authority utilization of 125.85% and an average per-unit subsidy cost of $1,432.30, a $170 increase from the prior year in October.
The shortfall and rising per-unit costs are the primary reasons the authority is spending more than its HUD allocation, Caine said. She told the board HUD instructed Tempe not to lease any new vouchers while the shortfall is being managed.
Why it matters: A shortfall means the authority’s current HUD funding…
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