COM 0686.000 2014-2016 - Laserfiche WebLink

Home

Form #: B-52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Ofc of Housing and Comm Development DATE: 02/05/2016 STAFF CONTACT: Susan K. Akiyama, Housing Administrator PHONE: 961-8379 A. REQUEST: Amend Ordinance 15-57 by appropriating the following: The Office of Housing and Community Development is requesting the appropriation of$ 1,321,500.00 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, 2015 through June 30, 2016 for the Housing Choice Voucher(Section 8) Program. The $ 1,321,500.00 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, 2016. 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. SIGNED: 411g• s j DATE: 02/15/2016 DepMent Head 4547ss1h 411111116