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Housing authority reports stable finances but flags federal funding timing, grant uncertainty
Summary
At a board meeting, the Harrisonburg Housing Authority said overall finances are in line with the budget but noted delayed grant payments and federal budget uncertainty could affect projects and services.
The Harrisonburg Housing Authority board received a financial report saying the authority's finances are largely on budget but that timing for several grant awards and ongoing federal appropriations uncertainty could affect cash flow and planned projects.
Executive Director Michael said the authority was "in pretty decent position" overall, while noting local community development income is below expectations because a homeless solutions grant has not yet been paid. He told the board that the authority recently signed a grant agreement for CRC planning funds and expects that money…
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