Kentucky Housing Association

Milan Ozdinec, Deputy Assistant Secretary for Public Housing and Voucher ProgramsKentucky Housing AssociationHCV UpdateTopics2Overview of HCV ProgramHUDs HCV ObjectivesHUDs Management Plan Goals for HCV BudgetAdd Overview slide of program and effort for HCV program on shortfall and leasing opportunities, where program stands, storyboard2Overview of HCV Program3HCV program currently assists 2.1 million households31,455 households are assisted in Kentucky2010 ABA for the entire HCV program was $16.6 billionKentuckys total 2010 ABA accounts for $171.2 million2010 renewal funding for the HCV program is $16.4 billionExcludes new incrementals such as new units and special purpose vouchersManagement goals are focused on leasing potential and shortfall prevention

Kentuckys household numbers are as of June 2010 and include UMLs for all Has except Louisville which used UMAs since it is a MTW.3Voucher Renewal Funding 2001-2010$ in millionsNote: Does not include incrementals. The 2008 funding excludes the $723 million offset and the 2009 funding excludes the $750 million offset appropriated by Congress. 2010 funding includes the $150 million set-aside awarded in April.

4Budget Utilization Trends$ in millionsHAP expenditures have fallen short of budget authority in recent monthsFor June 2010 HAP Budget Authority was $1.39 billion and HAP expenditures was $1.35 billion

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Trends in the Number of VouchersHCV program currently serves 2.1 million householdsNumber of voucher-assisted households increased by 0.4% over last year

Note: Includes MTW housing authorities.

6Trends in Leasing RatesAdditional funding was made available in December 2009 for PHAs facing shortfalls which reduced the decline in leasing at the end of 2009Leasing continued to decrease in early 2010

7Our Objectives?8Bottom Line house more people with HCV and stabilize HCVSept 2009 Sept 2011New Increments: VASH, FUP, Disability related, etc.Leasing more of the existing programHUD EffortsDeveloping spreadsheet tools to identify leasing potential / shortfall preventionIdentifying resources, building capacityBeing organizationally more flexibleOutreach to our partners training, consultation

HCV Initiative: One Year Earlier.Last Years Conference Problem identified: Inadequate attention to HUDs largest subsidized housing programManagement Commitment to re-focus on HCVHCV Working Group Formed FO and HQ team members

9One Year Later.Investment in capacity building in HUD and PHAsField Office Points of Contact and Subject Matter Experts identified and trainedTraining at numerous PHA conferences and at HUD FOsDevelopment of Spreadsheet ToolsNationwide Data Report to Identify Risk and OpportunitiesIndividual PHA Projection SpreadsheetShortfall Prevention Team and Process launchedUtilization SharePoint Site developed to manage process and dataRegion 4 Pilot initiated

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Our Objective: Optimizing and Stabilizing HCV Leasing Nationally11Optimizing and Stabilizing HCV Leasing in Kentucky12Stabilization and optimization metrics for Kentucky:4 PHAs with potential shortfalls using projections for end of CYNo PHAs in the Top 200, 29 PHAs have some leasing potential using projections for end of CY12 PHAs in the optimal zone using YTD budget and leasing numbersComparison of Kentucky to Nation using YTD numbers

Hierarchy of HCV Capacity13Building Capacity by Mastering Critical VariablesSuccess RateTurn over RateTime from Issuance to LeasePer Unit CostTwo Year ForecastingThe key to stability:Projecting into Year TwoEstimating Funding: Modeling Re-benchmarkingTesting Issuance scenarios monthly updating14HUD HCV Management GoalsIncreasing Families Served Making VASH workPartnership and problem solving 15Budget Status2011 Status2012 PlanningRelevance to HCV efforts at Optimizing and Stability16