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Housing authority identifies $125,000 HCV shortfall; project-based vouchers could be at risk
Summary
Housing authority staff told commissioners the Housing Choice Voucher program faces an estimated $125,000 shortfall this year, prompting talks with HUD and warning that planned project-based vouchers at two developments could be affected.
At a recent Charlottesville Housing Authority meeting, staff reported an estimated $125,000 shortfall in the Housing Choice Voucher (HCV) program for the current year and said the gap could threaten planned project-based voucher placements at two local developments.
The shortfall stems from higher market rents and serving fewer families than last year, Housing Director said, who noted that staff will continue negotiations with the U.S. Department of Housing and Urban Development (HUD) and pursue additional funding. "We met with HUD ... and it was determined that we are going to run into a shortfall for the HCV program. It's about a $125,000 this year," the…
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