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Commissioners adopt Resolution No. 627 to accept partial 2026 capital fund award
Summary
The board approved Resolution No. 627 to accept the 2026 Capital Fund award. Total award listed $552,398.00, with staff estimating HACA will receive about $330,000 because most units are RAD PBV and only Section 18 units qualify for additional funding.
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The Secretary presented the 2026 Capital Fund award documents and Resolution No. 627 to the commissioners at the May 14 meeting. The award total is listed as $552,398.00; Secretary Leary explained that because the authority is largely converted to RAD PBV units, HACA should expect approximately $330,000.00 of the award (Section 18 units qualify for additional funding under the program rules). Commissioner Rice moved to approve Resolution No. 627 authorizing the 2026 Capital Funds; Commissioner K. Vauthier seconded and the motion carried unanimously.
The minutes show the Board reviewed the Annual Statement and required documents associated with the ACC Amendment and the Capital Fund award prior to voting. Commissioners did not record additional conditions on the resolution vote.
