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SFHA says it avoided HUD recapture, issued vouchers and placed 6,500 on HCV waitlist after 52,000 applicants
Summary
SFHA reported it spent down reserves in 2023 to avoid HUD recapture, issued vouchers and placed 6,500 applicants on a new HCV waitlist after receiving about 52,000 applications; staff also increased payment standards to reduce rent burden for qualifying households.
At the Housing Authority Board meeting Feb. 8, senior analyst Joe Mueller presented the 2023 leasing-plan year-end report, saying SFHA reconciled HUD reserves and spent down funds to avoid recapture.
Mueller said HUD adjusted the reserves subject to recapture from about $17.8 million to $26.2 million; SFHA’s year-to-date expenditures out of reserves were $26.7 million,…
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