City of Sacramento
City Council - 2PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2024-01002 5/7/2024 Discussion Item 11.
(Housing Authority) Housing Choice Voucher (HCV) Program Funding Update File ID: 2024-01002
Location: Citywide
Recommendation: Receive and file.
Contact: MaryLiz Paulson, Director, (916) 449-6346, [email protected], Sacramento Housing and Redevelopment Agency
Presenter: MaryLiz Paulson, Director, (916) 449-6346, [email protected], Sacramento Housing and Redevelopment Agency
Attachments:
1-Description/Analysis
Description/Analysis
Issue Detail: The cost of rent in Sacramento County has increased dramatically in the past four years which has impacted the cost of rental assistance for families participating in the Housing Choice Voucher (HCV) program. It has increased more than 50 percent during this time. Staff from the U.S. Department of Housing and Urban Development (HUD) have been meeting monthly with staff since February and have directed the Housing Authority to begin efforts immediately to stay within the budget parameters allocated to Sacramento. This presentation will discuss funds projected for fiscal year 2024, the anticipated shortfall and the steps the Housing Authority has taken to reduce the amount of subsidies paid out this year.
Congress approved the budget for the U.S. Department of Housing and Urban Development (HUD) on March 9, 2024, and is expected to notify each public housing authority of their allocated award by May 8, 2024. Housing Authority staff will return to the Housing Authority Board on June 11, 2024, to provide a budget update for the HCV Program.
Policy Considerations: Not applicable.
Economic Impacts: Not applicable.
File ID: 2024-01002 5/7/2024 Discussion Item 11.
Environmental Considerations: California Environmental Quality Act (CEQA) and National Environmental Policy Act (NEPA): There is no action being taken, therefore this is not a project pursuant to CEQA Guidelines Section 15378 and is an administrative action under NEPA and is therefore exempt pursuant to 24 Code of Federal Regulations 58.34(a)(3).
Sustainability: Not applicable.
Commission/Committee Action: This topic was presented to the Sacramento Housing and Redevelopment Commission on May 1, 2024.
Rationale for Recommendation: Not applicable.
Financial Considerations: Not applicable
Local Business Enterprise (LBE): Not applicable