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Housing Authority reports approximately $29.5 million HCV shortfall; city and HUD coordination, BDO contract and possible city assumption discussed
Summary
SFHA acting director Barbara Smith told the committee the Housing Choice Voucher program faces an estimated shortfall of roughly $29.5 million tied to over‑utilization, forecasting-tool errors and retroactive rent obligations; SFHA has hired BDO for finance oversight and HUD shortfall assistance may require the city to assume SFHA functions.
Acting San Francisco Housing Authority (SFHA) Director Barbara Smith briefed the Government Audit & Oversight Committee on Oct. 25 about a large shortfall in the Housing Choice Voucher (HCV) program and the agency’s ongoing response.
Smith said prior improvements—conversion of 3,500 public housing units through RAD, repayment and reconciliation work, and an upgraded voucher management system—had strengthened the agency, but that a forecasting tool, data input errors and significant retroactive rent payments have produced an HCV…
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