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CRA board approves FY 2026–27 authoritywide budget and clears $26,439.80 in tenant-account write-offs
Summary
The CRA board adopted its authoritywide budget for the fiscal year ending March 31, 2027, projecting consolidated revenues of just over $19 million (about $10 million from HCV). The board also approved a $26,439.80 write-off of uncollectible public-housing tenant accounts.
The CRA board voted to adopt its authoritywide fiscal year 2026–27 budget and approved an annual write-off of uncollectible public-housing tenant accounts at its meeting.
John Sales presented the budget highlights, saying consolidated revenues are projected at just over $19 million, with Housing Choice Vouchers (HCV) accounting for roughly $10 million of that total. He said public-housing operating subsidies are projected at just over $1.1 million — about $500,000 lower than in 2025 — and projected tenant rent for public housing is just over $1 million. Market-rent units are projected at about $1.1 million, and tax-credit properties (listed in the presentation as Crescent Halls and South Street) were shown at about $1.2 million and $1.1 million, respectively. Total consolidated expenses were presented at just over $17 million, with…
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