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Staff: FY26 rental assistance actuals below projection; estimated $3.3M carryover
Summary
Budget staff said FY26 actual rental assistance collections allocated to the HIF were about $22 million (below a $25 million projection) and estimated roughly $3.3 million could carry into FY27 depending on loan closings.
Committee members asked staff for total recordation tax revenue and how projections are evaluated; staff said the FY26 actual allocation that went to rental assistance is about $22,000,000, below the $25,000,000 projection, and that they estimate roughly $3.3 million could roll into FY27 depending on loan closings.
DHCA Director Scott Bridal said the $3.3M estimate is tied to loans expected to close in Q4 and that final carryover depends on whether those closings complete. Committee members requested a detailed accounting of recordation tax totals and the out-year projections for committee review.
