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Housing Authority financial report: stable budgets but federal funding uncertainty and tenant delinquencies noted
Summary
Staff reported monthly financials generally in line with budget but flagged uncertainty around HUD continuing resolutions and pulled CoC awards; the housing choice voucher program remains funded but waiting list closed and rent delinquencies are rising at some properties.
At its March 19 meeting the Harrisonburg Housing Authority reviewed financial reports for January and February and approved the reports by voice vote.
Staff presented two months of financials and said most lines were near or below budget, though several specific items were higher because of billing timing or one-time payments (for example, a full year lease payment for a security camera system that flagged a maintenance budget as high). Overall, expenses were reported as less than budgeted year to date in many programs.
Staff reported the Housing Choice Voucher (HCV) program was using reserve funds to offset higher Housing…
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