Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Public Housing topic
No spam. Unsubscribe anytime.
Blue Earth County board authorizes HUD submission for public housing RAD conversion
Summary
County staff presented a financing plan to convert public housing units under HUD's RAD Section 18 and the board approved a resolution authorizing submission of the plan to HUD. Officials said residents would retain their rights to remain and program revenues would be stabilized.
Nancy, the housing staff member, told the board the county is in the first phase of repositioning public housing and that 19 units will convert on Sept. 1 while a financing plan covers the remaining 56 units under a RAD Section 18 conversion. "The rents can be set at 110% of the fair market rents," Nancy said, noting public housing rents had been set at about 80% previously and that the voucher subsidy would cover the difference.
She said the conversion would streamline program administration, reduce reporting burdens, stabilize revenue and allow capital funds to be saved until improvements are needed. Nancy emphasized that existing residents "have the right to remain in their units" and would continue to pay roughly 30% of income for rent.
The board was asked to sign a resolution authorizing staff to submit the financing plan to HUD for review. After a motion, second and brief discussion thanking staff for the work, the board voted by voice and the motion carried. The resolution authorizes submission to HUD; staff said HUD review is the next procedural step and did not set a timeline in the meeting record.
What happens next: the county will submit the financing plan to HUD for its review of the RAD Section 18 conversion; any HUD feedback, approval, or required changes will be handled through the agency review process and reported back to the board when available.
