2021-09-07 HCHA Approved Minutes

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HCHA meeting September 7, 2021 we are meeting this threshold that HUD sets otherwise they would have to move on to the next applicant. Des, did you want to add anything more? Moore: So let's say, I'll give you an example, for the priority is for a resident family with a minor child and if they applied and met the income limits at 30% when they did their initial application, and have since gotten employed and is now at 60% AMI, they would have to wait until we have met, so we would help all other families at 30% or below before this person, before the 60% AMI. Kimball: Okay, great thank you for that clarification. Kunz: But once they, my understanding, Des you can correct me if I'm wrong, is once they qualify at 30% and say they get into the program and now she's found a job, she still has to report the income but it doesn't then disqualify them, is that correct Des? Moore: Correct, correct, so once you're a participant, this is only at admission when the income limits apply because the program is, our goal is to get you self- sufficient so we want you to work, we want you get off of Tanif, financial assistance and so it's an incentive, you would pay your portion, the tenant's portion of the rent will increase but we don't terminate you from the program unless they've become fully self-sufficient where their making enough money to pay their full rent. Kimball: Okay, so at the point of application is really where that benchmark of 30% is evaluated then they get on the waiting list and then the preferential treatment applies so given that 30% benchmark, do we have a pretty sufficient number of folks on the waiting list that are residents that meet that threshold. Kunz: I would say yes, but Des can give the details. Moore: So the latest data that I had for the past year showed that almost 80% of our families, actually more than that, are at extremely low at 30% or below so we do meet our requirements. That's the reason why we had expanded up to 80% is because we are meeting our 75% and wanted to give more moderate income families a chance to be stabilized. Kimball: Thank you for that. Just one last question based on something you briefly said about how of course these will not apply for folks that are already on the waiting list, how many do we have on the waiting list at this point and how will it take to get... Kunz: We're actually trying to get through a waiting list that we opened up, I think it was in April sometime, but Des can you give us an update on that? Page 11 of 34