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Housing Authority presents draft $142M budget; staff to use Section 18 sales and partnerships to support development
Summary
Deputy staff presented a draft budget that projects a positive fund balance driven in part by Section 18 home dispositions and developer fees, highlighted a beginning fund balance of about $50 million and expected gains from Section 18 sales, and described ongoing real‑estate strategy work and a forthcoming budget policy for the authority.
The Housing Authority of Washington County presented a draft fiscal year budget that staff said focuses on right‑sizing operations, structural sustainability and using property dispositions and development fees to support future projects.
"This is a draft budget," Deputy CFO Bridal Bonsbach said, walking the advisory committee through timing and key messages. Bonsbach and other staff said the authority is organizing the housing authority budget into three main buckets: federal vouchers, public housing and affordable housing development and operations. Staff described a beginning fund balance around $50,000,000 and a…
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