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SFHA finance report: HUD true-up expected; 906 EHV vouchers in use and deferred revenue noted
Summary
Senior budget analyst reported that a year-start revenue lag has mostly closed and is expected to true up by year-end; the authority manages 906 Emergency Housing Vouchers (EHV) with a 76-day issuance-to-lease average and about $1.4M in deferred revenue tied to invoices not yet received.
Roy Lobo, senior budget analyst, briefed the commission on April 1 about fiscal performance through Feb. 29, 2024 and voucher metrics.
Lobo said housing choice voucher subsidy revenue started the fiscal year below budget — creating a large timing gap that was about $300 million and had closed to roughly $80 million by the time of the report; staff…
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