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Tempe Housing Authority raises payment standards and hears quarterly update on vouchers, reserves and shelter operations
Summary
The Tempe Housing Authority unanimously adopted a resolution to raise payment standards to align with HUDFY2024 fair market rents after a quarterly presentation showing strong voucher leasing, roughly $998,000 in reserves, and a coalition plan to acquire a lot for affordable housing.
The Tempe Housing Authority voted unanimously to adopt a resolution to raise its payment standards to align with the U.S. Department of Housing and Urban Development's fiscal 2024 fair market rents, the board said at its November meeting. The board also received a quarterly performance report showing high voucher leasing and nearly $1 million in reserves.
Irma, speaking for the Housing Authority and the Tempe Coalition for Affordable Housing, presented the quarterly update and described the authority's current operating picture. "Tempe Housing Authority has an annual budget authority of about $13,000,000 a year," Irma said, and reported the authority had roughly $998,000 in reserves. She told the…
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