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HomeMy WebLinkAboutItem 11 - Appropriation Adjustment Recognizing $725,000 in Housing Assistance Community Development Agency www.santa-ana.org/community-development Item # 11 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report March 19, 2024 TOPIC: Emergency Housing Vouchers AGENDA TITLE Approve Appropriation Adjustment Recognizing $725,000 in Housing Assistance Payment Funds for Emergency Housing Vouchers RECOMMENDED ACTION Approve an appropriation adjustment recognizing housing assistance funding in the amount of $725,000 in revenue account (no. 17918002-52011) and appropriating the same amount to expenditure account (no. 17918760-69158) to administer existing vouchers. (Requires five affirmative votes) GOVERNMENT CODE §84308 APPLIES: No DISCUSSION On March 11, 2021, the American Rescue Plan Act of 2021 (ARPA) was signed into law and appropriated $5 billion for new incremental Emergency Housing Vouchers (EHVs) across the nation. Eligibility for these EHVs is limited to individuals and families who are (1) homeless; (2) at risk of homelessness; (3) fleeing, or attempting to flee, domestic violence, dating violence, sexual assault, stalking, or human trafficking; or (4) recently homeless and for whom providing rental assistance will prevent the family’s homelessness or having high risk of housing instability. On June 10, 2021, the Housing Authority received an award of 89 vouchers for the EHV program and on July 20, 2021, the City Council approved the funding for these new vouchers (Exhibit 1). All of the EHVs have been successfully leased. Due to the rising costs of housing assistance payments, the budgeted amount for FY 2023-24 was insufficient to cover payments through the end of the year. To ensure continued support for these families, staff is requesting approval of an appropriation adjustment for an additional $725,000 to pay for housing assistance payments through the end of FY 2023-24. This is not new or additional funding for the EHVs. This appropriation adjustment will recognize additional funds in the FY 2023-24 budget for these vouchers for accounting purposes. FISCAL IMPACT Approval of the appropriation adjustment will recognize $725,000 in Emergency Housing Voucher HAP revenue account (no. 17918002-52011 Federal Direct – ARPA Appropriation Adjustment for Emergency Housing Vouchers March 19, 2024 Page 2 4 1 0 2 EHV HAP) and appropriate to the expenditure account below. Any remaining balances not expended at the end of the fiscal year will be presented to the City Council for approval of carryover to FY 2024-25. Fiscal Year Accounting Unit-Account Fund Description Accounting Unit, Account Description Amount FY 2023-24 17918760-69158 Emergency Housing Voucher HAP Housing Assistance Payments $725,000 Total Expenditures $725,000 EXHIBIT(S) 1. Staff Report from July 20, 2021 Submitted By: Michael L. Garcia, Executive Director of Community Development Approved By: Tom Hatch, Interim City Manager