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SR-HA-2 (7) .,. ~ ~ flA- ~ OCT ~ H'I91 -- Iv' C/D:HD:SW:lc:res.ap Housing Authority Meeting 10/08/91 Santa Monica, California TO: Housing Authority FROM: City staff SUBJECT: Resolution Approving the Execution of the Annual Contributions Contracts for 21 Housing Assistance Vouchers and 21 Certificates. INTRODUCTION The Department of Housing and Urban Development has awarded the Santa Monica Housing Authority 21 additional Section 8 Certificates and 21 additional Vouchers. This report transmits for adoption a resolution authorizing the Executive Director of the Housing Authority to execute the Annual contributions Contract (ACC) . DISCUSSION In January 1991, the Department of Housing and Urban Development (RUD) , through a Notice of Funding Availability (NOFA) , informed Housing Authorities of the availability of new Vouchers and Certificates for the Section 8 program. The Santa Monica Housing Authority submitted an application for additional Vouchers and Certificates in response to that NOFA, and was informed that we were awarded 21 additional Section 8 certificates and 21 additional Vouchers. 1 1/A--.2. OCT G Vi (l1 -' '~IJ' l' ~ The Housing Authority currently administers 559 certificates and 167 Vouchers. The lease up rate has averaged around 99% for the past year with vacancies occurring when current participants leave the program. These additional 42 units will allow the Authority to assist applicants who have waited over two years for a subsidy. The Housing Authority currently has over 2,500 households on our waiting list. BUDGET/FINANCIAL IMPACT Payments to Santa Monica Housing Authority's section 8 program are budgeted at account number 12-700-695-00000-7734-00000. Annual contract authority of $329,796 has been set aside by HUD for subsidies and administrative fees. The term of this ACC shall be for five years beginning on the first day of the month in which the ACC is executed. The adopted budget for FY 1991-1992 incorporated this anticipated increase. Therefore, there is no need to modify the Housing Authority's 1991-1992 adopted budget at this time. RECOMMENDATION It is recommended that the Housing Authority adopt the attached resolution authorizing the Executive Director of the Housing Authority to execute the ACe. 2 .. 9> - Prepared by: Chuck Elsesser, Housing Program Manager steve wagner, Housing Coordinator Department of Community Development Attachment: Resolution :res.ap 3 . . ~ RESOLUTION NO. 48 HAS (HOUSING AUTHORITY SERIES) A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF SANTA MONICA AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE THE ANNUAL CONTRIBUTION CONTRACTS FOR TWENTY ONE SECTION 8 CERTIFICATES AND TWENTY ONE SECTION 8 VOUCHERS. WHEREAS, the Department of Housing and Urban Development has notified the Housing Authority of the availability of 21 section 8 certlflcates and 21 vouchers; and WHEREAS, these additional section 8 certificates and vouchers are justified by the application waiting list and is consistent with Housing Assistance Plans for our area of operation, NOW, THEREFORE, THE HOUSING AUTHORITY OF THE CITY OF SANTA MONICA RESOLVES AS FOLLOWS: SECTION 1. The Executive Director is authorized to execute the Annual contribution Contracts for an additlonal 21 Section 8 EXlsting Housing certificates and 21 Sectlon 8 Vouchers. SECTION 2. The Secretary shall certify to the adoption of this Resolution, and thenceforth and thereafter the same shall be in full force and effect. APPROVED AS TO FORM: ~ ~...."a,",-;i'I"~ ~ . .' " ,~ ROBERT M. MYERS City Attorney :has 0- . .. ADOPTED AND APPROVED this 8th day of October, 1991 LJ ~A-= gifairperson I hereby certify that the foregoing resolution was duly adopted by the Housing Authority of the City of Santa Monica at a meeting thereof held on the 8th day of October, 1991, by the following vote of the Authority: AYES: Commissioner: Genser, Katz, Olsen, Vazquez! Zane, Abdo NOES: commissioner: None ABSTAIN: commissioner: Holbrook ABSENT: commissioner: None ATTEST: A.i.-L- ~ ;eC~~ <....-- Clerk / ha