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San Diego Housing Commission warns of $16.9M voucher funding gap; housing authority approves FY2026 budget
Summary
The San Diego Housing Commission told the Housing Authority it expects a $16.9 million gap this year between HUD MTW voucher allocations and rental assistance costs, will draw reserves to cover nearly 947 households in FY2026, and urged cost reductions and revenue steps as the Housing Authority approved the commission's $711.7 million budget.
The San Diego Housing Commission presented its FY2026 budget to the Housing Authority on June 10 and warned that rental assistance costs will exceed HUD MTW allocations by about $16.9 million in 2026 — a shortfall that would require drawing agency reserves to keep nearly 947 households housed.
Lisa Jones, SDHC president and chief executive, told the Housing Authority that the agency can manage the projected shortfall for FY2026 by drawing down reserves but stressed the move is not sustainable. "We are relying on our diminishing reserves to meet our needs and balance our budget in fiscal year 2026," Jones said. She urged the Housing Authority and council members to pursue cost‑reduction and revenue…
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