Authority outlines 2023 annual plan timeline and posts interim financial gains

At the May 25 meeting the Housing Authority presented its 2023 annual plan schedule and a financial update covering seven months of fiscal activity.

Linda Mason, general counsel, said the 45‑day public comment period for the annual plan concludes on June 24, 2023, that a public meeting is scheduled for June 14 via Zoom, and that a public hearing is tentatively scheduled for June 29 (the date may shift if board quorum requirements conflict). Mason said the annual plan includes the admissions and continued occupancy policy, administrative plan, capital fund documents and attachments, and that staff does not expect major preference changes this year.

On finance, Roy Lobo presented year‑to‑date figures through April 30: Housing Choice Voucher produced a net positive of about $2.7 million and total YTD revenues of $12.9 million versus a budgeted $12.3 million; COCC produced net income of $3.1 million on $7.3 million in revenue. Lobo attributed a positive variance in HCV revenues to higher admin subsidy payments from HUD and said timing and program mix explain much of the budget variances. Mamadou Ning summarized HAP activity for May: HAP expense for the month was about $31.2 million with HUD receipts of $30.6 million; the year projection for HAP is about $365 million against a $400 million budget and the authority plans to draw on reserves (~$35.2 million) as needed while monitoring leasing and expenditure trends.

Commissioners asked staff to continue including public housing figures and requested transparent, month‑over‑month reporting that helps the board and public see where progress is being made or where red flags remain. Staff agreed to include additional breakdowns and to return with further detail at the next meeting.