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Housing authority outlines FY2026 revenue ideas: $250,000 request, resale split and fee changes under consideration
Summary
Board reviewed a menu of FY2026 revenue options including a proposed $250,000 budget request, asking the county to transfer 50% of resale proceeds to the housing authority, redirecting fee‑in‑lieu payments, and exploring higher nightly‑rental license fees or other taxes.
The Marion Housing Authority reviewed several revenue strategies on Wednesday to fund programs and build capacity for affordable housing work in FY2026.
Director presented options including asking the county to transfer 50% of resale proceeds from county‑owned units to the housing authority fund, requesting that fee‑in‑lieu payments be paid directly to the housing authority, and submitting a budget request of $250,000 for FY2026. "I am suggesting that you request 50% of the sale price of the resold units payable to the housing authority upon closing," the director said during the meeting.
Board members discussed asking for a larger amount (some suggested $300,000 or more), using resale proceeds to generate capital for future purchases, and negotiating whether the county would keep title or transfer it to the housing authority before resale. The board also discussed options to raise recurring revenue, such as increasing the annual nightly‑rental business license fee or creating a small nightly‑rental tax, and whether transient room tax (TRT) funds could be reallocated (staff cautioned that TRT use is constrained by state law).
Rather than adopt final budget figures, the board directed staff to return in August with more detail on the proposed budget request, revenue estimates tied to the 50% resale proposal and fee‑in‑lieu routing, and agreement language the county would need to approve to move funds to the housing authority.
