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Form #: B -52 7/18/91 DEPARTMENT OF FINANCE UEST FOR COUNCIL ACTION DEPARTMENT: Ofc of Housing and Comm Development DATE: STAFF CONTACT: Stephen J. Arnett, Housing Administrator PHONE: A. REQUEST: 03/01/2011 961 -8379 The Office of Housing and Community Development is requesting the appropriation of $ 2,500,000.00 to the Housing Voucher Program (Account Number 152.3301.54). This amount represents an increase in revenues received from the U.S. Department of Housing and Urban Development to be used for Housing Assistance Payment subsidies, and is to cover the expenditure account number 152 - 461.5466.30.371, Voucher rental subsidies. B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): The increase in appropriation reflects the updated allocation to be received from the U.S. Department of Housing and Urban Development for the period July 1, 2010 through June 30, 2011 for the Housing Choice Voucher (Section 8) Program. The $ 2,500,000.00 is to be used for payment of rental assistance for eligible participants of the program. The OHCD expects to expend this allocation by June 30, 2011 Normally, in February of each year, the OHCD compares the County budgeted and HUD anticipated funding for the Section 8 Program and adjust the budgeted amounts, if necessary; to reflect more closely the anticipated Program 8 funding the County is to receive for the current fiscal year. To expedite this matter, the Office of Housing and Community Development humbly request a waiver from the Finance Committee and to have this bill heard at the next Council meeting scheduled for March 16, 2011 for approval in place by May 1, 2011 to ensure timely payment of Housing Assistance to the Section 8 Program landlords. If the waiver is not approved, it will delay in payment to the Section 8 program landlords. SIGNED: DATE: 03/01/2011 epartment Head 8727bslh