Item HA3 - Quarterly Report for the Housing Choice Voucher Program for the Period of 10/1/2023 through 12/31/2023

Home Browse Search

Quarterly Report for Housing Choice Voucher Program February 6, 2024 Page 3 Chart 5 depicts participants by percentage of Orange County median income. As of December 31, 2023, the County's median income is $127,800 per year for a family of four. Approximately 90% of families on the program earn less than 30% of the area median income, which is $43,050 per year for a family of four. Participants' incomes come from a variety of sources, as illustrated in Chart 6. A total of 36% of participating families have income from employment. Participating families pay a portion of their monthly rent based upon their income and the payment standard for their unit. The Housing Authority pays the difference between the tenant's portion and the contract rent. This payment is the Housing Assistance Payment (HAP). The average HAP for October 1, 2023 to December 31, 2023 was $1,425. Production HQS Inspections: At least once every two years, the Housing Authority must inspect each assisted -unit to ensure it meets HUD's Housing Quality Standards (HQS) in compliance with the federal regulations. From October 1, 2023 to December 31, 2023, a total of 422 inspections and re -inspections of our assisted - units were performed, of which 140 inspections failed Chart 7 illustrates the number of inspections performed on a monthly basis during the reporting period. 5. Income as Percentage of Median Below 50% Median 9% 6. Source of Income Below 60% l of Median 1% low 30% Median 90% 70% 61% 60% 50% 37% 40% 30% 20% 8% for _ or With Any With any With any Wages Welfare SSI/SS 7. HQS Inspections 200 155 173 150 10 50 o October November Inspection Months 15% ■ With any other Income 94 ■ December