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Housing Authority Meeting 04/09/91 Santa Monica, California
TO: Housing Authority
FROM: City staff
SUBJECT: Resolution Approving Revised Section 8 Housing
Certificate Annual contributions Contract
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INTRODUCTION
This report recommends that the Housing Authority take the
following actions to receive new HUD funding for an expl.ring
allocation of Section 8 rental assistance: (1) approve a
resolution amending the Consolidated Annual contributions Contract
(CACC) ; and (2 ) authorize the Executive Director of the Housing
Authority to execute the CACC.
BACKGROUND
Like many other local Housing Authorities, the Santa Monica Housing
Authority has been monitoring the issue of expiring section 8
contracts. These federal contracts, by their terms, all have
scheduled expiration dates. Without additional funding to reneVl
these expiring contracts, needed rental assistance subsidies would
disappear. Fortunately, the current federal budget contains an
appropriation to finance the renewal of section 8 contracts which
are scheduled to expire this year. These renewals will enable low
income households to continue to receive rental assistance with no
l.nterruption of benefits.
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DISCUSSION
The Santa Monica Housing Authority currently administers a rental
assistance program with funding for approximately 726 households,
comprised of 559 certificates and 167 vouchers. The program total
is made up of several different allocations, each of which has a
different expiration date. The first of these allocations was put
under contract on March 30, 1976. This allocation was for 90
certificates with a term of 15 years, expiring on March 29, 1991.
HUD has invited the Santa Monica Housing Authority to renew this
expiring allocation with new budget authority to support the
continued participation of 90 eligible households. The new
contract will have a term of five years.
BUDGET/FINANCIAL IMPACT
Payments to Santa Monica Housing Authority's Section 8 program are
budgeted in account number 12-700-695-00000-7734-00000. Current
costs for both subsidy payments and earned administrative fees
under this contract are approximately $480,000 annually. Since the
Housing Authority's FY 1991-92 budget already provides for this
anticipated renewal, approval of the contract will not require any
budget action at this time.
RECOMMENDATION
It is recommended that the Housing Authority adopt the attached
resolution amending the Consol~dated Annual contributions Contract
and authorize the Executive Director to execute the CACC.
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Prepared by: Nancy West, Housing Program Manager
steven Wagner, Housing Coordinator
Department of Community and Economic
Development
Attachments: Resolution
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RESOLUTION NO. 44 (HAS)
(Bousinq Authority Series)
A RESOLUTION OP THE HOUSING AUTHORITY OP T~~ CITY OP SANTA MONICA
APPROVING AMENDED EXHIBIT II TO PART I OF SECTION 8 HOUSING
CERTIPICATE PROGRAM CONSOLIDATED ANNUAL CONTRIBUTIONS CONTRACT NO
SP-520 (E) AND AUTHORIZING EXECUTION
WHEREAS, the Housing Authority of the City of Santa Monica (PHA)
desires to enter into an amended part I of the Consolidated Annual
contributions Contract (CACC) with the United states of America
Government for the Section 8 Existing housing certificate program,
and
WHEREAS, part I of the section 8 Existing Housing Certificate CACC
must now be revised so that it will consist of the following
counterparts:
(a) Part I of the CACC, HUD-52520B (8/88) applicable to the
Section 8 Existing Housing Certificate Program,
(b) Exhibit I, projects appropriated before Federal fiscal year
1988;
(c) Exhibit II, projects appropriated in Federal fiscal year 1988
and later years adding replacement project no. CA16-EIII-014.
NOW, THEREFORE, BE IT RESOLVED BY THE PHA AS FOLLOWS:
Section 1. The amended Exhibit II of the CACC for the Section 8
Existing Housing Certificate Program is hereby approved and
accepted. The Chairperson or Acting Chairperson is hereby
authorized and directed to execute the counterparts of the CACC on
behalf of the PHA, and the Secretary is hereby authorized to
impress the official seal of the PHA on each such counterpart and
to forward such executed counterparts to the Government together
with such other documents evidencing the approval and authorizing
the execution thereof as may be required by the Government.
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:
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ROBERT M. MYERS
City Attorney
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ADOPTED AND APPROVED this 9th day of April, 1991
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/1,/ Chairman
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 9th day of April, 1991, by the
following vote of the Authority:
AYES: Commissioner: Genser, Holbrook, Olsen, Vazquez,
Zane, Abdo
NOES: Commissioner: None
ABSENT: commissioner: Katz
ATTEST:
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