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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 searching; applying a 60–70% leasing success rate, staff anticipate about 275 admissions from those searching vouchers and expect to issue roughly 600 additional vouchers for the remainder of the calendar year.
Mueller quantified expected costs: leasing admissions from currently searching vouchers could incur about $1'$2 million in HAP expense, and leasing from newly issued waitlist pools could incur $5'$6 million in HAP expense for units leased up in 2024. He said strategies to increase leasing success include tenant support services (security deposits, utility fee assistance, moving expenses), for which $2,000,000 is budgeted, and targeted outreach to property owners with a planned summer pilot of owner engagement and incentives.
Commissioners pressed staff on several operational details: how the $22,000,000 of currently uncommitted funds would be allocated; the contract between PBV and tenant-based shares (roughly half/half); how the local payment standard relates to the HUD regional standard; and how the authority coordinates PBV placement with the mayor's Office of Housing and Community Development to match citywide housing goals. Mueller and staff said HUD issues an annual payment-standard advisory in August/September, the authority runs monthly analyses of rent requests versus standards, and staff will return with follow-up reports and a quarterly leasing update.
Why it matters: The plan directs how limited HUD authority over voucher and PBV allocations will be used to move households from the wait list into housing, to stabilize occupancy at project-based sites, and to align leasing activity with citywide affordable-housing priorities.
Next steps: Staff committed to providing quarterly leasing updates and a future briefing on how the leasing strategy coordinates with city housing goals and with other Bay Area housing authorities.
