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Housing authority outlines $381 million 2024 leasing plan, aims to issue 600 vouchers and fill PBV vacancies
Summary
The Housing Authority presented a 2024 leasing plan projecting $381 million in HUD-funded housing assistance payments, a $8 million reserve target and strategies to issue about 600 vouchers and raise project-based voucher (PBV) utilization toward 93%. Commissioners asked for follow-ups on payment standards and coordination with city housing goals.
Joe Mueller, a housing authority presenter, outlined the authority's calendar-year 2024 leasing plan, saying the agency expects to expend $381,000,000 of an authorized $411,000,000 in HUD funding while maintaining an $8,000,000 reserve recommended by HUD.
Mueller said the plan reiterates seven leasing strategies carried forward from prior years and focuses this year on filling PBV vacancies, issuing vouchers, increasing leasing success rates and opening wait lists. He reported that 1,143 vouchers have been issued to date and 577 applicants have been housed. Of the vouchers issued, 518 remain active and…
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