20C - AA FOSTER YOUTH VOUCHER - Laserfiche WebLink

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Appropriation Adjustment — Foster Youth to Independence and Mainstream Voucher Programs December 17, 2019 Page 2 The program requires collaboration between the Housing Authority, the Orange County Social Services Agency, and the Orange County Continuum of Care to work together to provde the appropriate intervention for each youth. On November 1, 2019, the Housing Authority received a notice of award under the FYI TPV program for up to $319,950 to fund 25 vouchers for a twelve-month period (Exhibit 1). These vouchers will end when the youth issued the voucher is no longer receiving voucher assistance, or the youth has been assisted for 36 months, whichever occurs first. The Housing Authority has identified the youth eligible to receive these vouchers and plans to have all 25 vouchers issued by April 2020. Staff anticipates spending approximately $138,000 in voucher assistance payments in the current fiscal year through June 2020. In addition, on July 9, 2019, HUD also issued a Notice of Funding Availability (NOFA) for the Mainstream Voucher program. The purpose of the Mainstream Voucher program is to provide rental assistance to non -elderly persons with disabilities who are transitioning out of institutional or other segregated setting, at serious risk of institutionalization, homeless, or at risk of becoming homeless. The program requires collaboration with health and human services agencies to provide participants with voluntary supportive services and increase program access. On November 14, 2019, the Housing Authority received a notice of award under the Mainstream Voucher program for up to $731,346 to fund 70 vouchers for a twelve-month period (Exhibit 2). The Housing Authority already received 50 of these special purpose vouchers from the last Mainstream Voucher program NOFA issued in 2018. Staff estimates approximately $167,000 in voucher assistance payments to be made in the current fiscal year through June 2020. Both the Foster Youth to Independence program and the additional Mainstream Voucher program vouchers were not anticipated during adoption of the FY 2019-20 budget. Therefore, appropriation adjustments are necessary to recognize the funds from HUD and enable the Housing Authority to expend the housing assistance payments and related administrative expenses in the current fiscal year. The 2019 administrative fee rate that HUD provides to the Housing Authority is currently $124.34 per unit, per month. Based on the number of vouchers projected to be leased up during FY 2019-20, the Housing Authority may receive $17,000 and $25,000 in administrative fees for the FYI TPV program and additional Mainstream Voucher program, respectively. STRATEGIC PLAN ALIGNMENT Approval of this item assists the City in meeting Goal # 4 — City Financial Stability, Objective #1 (Maintain a stable, efficient and transparent financial environment) and Goal #5 — Community Health, Livability, Engagement & Sustainability, Objective #3 (Facilitate diverse housing opportunities and support efforts to preserve and improve the livability of Santa Ana neighborhoods). 20Ci-2