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HCHA meeting <br />Moore: You're welcome. <br />September 7, 2021 <br />Kunz: Next amendment has to do with the homeownership programs. So, HUD <br />does allow, and we've utilized this option, to use the Housing Choice Voucher as <br />a subsidy not only for rent but for mortgage. In the previous, preference, we <br />required individuals in order to utilize this preference to provide a down <br />payment, 3% down payment, for those loans. We found that most individuals <br />were not able to do this. So what we're doing is we are amending this option, <br />we're not getting rid of it, we're just amending it to say that if the individual is <br />using an insured loan, or a loan that is guaranteed by the State or Federal <br />government, so for example, the VA loans or the rural housing loans, we will <br />follow the underwriting for those loans and a lot of times, those underwritings <br />does not require a down payment so we are going to be able to waive that <br />requirement going forward. Another amendment to the existing policy, when a <br />family is in debt to the program, meaning that they owe the Section 8 Program <br />funds, a lot of the times that will happen because say for example the individual <br />had a change in income and they didn't report it, so they are now making more <br />money and we're still subsidizing as if they were making less. So we identify what <br />that difference is and we required them in the past to make a full payment of <br />whatever it was that they were in debt for within 30 days and that's also a huge <br />burden for the family and in a lot of cases it caused them to be evicted or <br />evicted from the program at least. So what we are now doing is allowing for <br />repaying plans in the most basic of ways of explaining it. And the last <br />amendment ... <br />Kierkiewicz: Administrator, before we move on, I'm just curious because you <br />talk about this difference that they're having to pay back, are you able to give <br />us an estimate ballpark figure of what that looks like? <br />Kunz: I'm going to call of Desiree. <br />Kierkiewicz: Is it like $50, is it $300, just trying to get a sense of what folks have to <br />pay. <br />Moore: So there's a range depending on the family situation but we're seen <br />upwards, I think, we've had a landlord owe us $5,000 but that was in a <br />fraudulent case so it could be a few hundred dollars up to thousands <br />depending on how long they failed to report their income or the amount that <br />they're earning, the difference so of course if someone was reporting zero <br />income and got a good paying job and failed to report it for a year that would <br />be a substantial amount. <br />Kierkiewicz: Thank you for that. <br />Page 5 of 34 <br />