Fact Sheet for Year End 9/30/2016
1. We are a High Performing PHA under the Section 8 Management Assessment Program. So what does that mean? We select families from the waiting list according to our HUD approved policy. We complete a rent reasonableness evaluation on every unit that receives HAP (Housing Assistance Payments). We have correctly determined tenants’ adjusted income. We update our utility allowances every year. We inspect all of the units under the section 8 program using HUD’s Housing Quality Standards (HQS) and enforce failed inspections. We update our payment standards annually. We reexamine family income and occupancy annually. We correctly calculate tenant rents. We perform HQS inspection on units prior to contract. We lease up at least 97% of the available vouchers or available funds. We support a family self-sufficiency program. Out of the 100 points available in this program we scored 100 last year.
2. We are a High Performing PHA under the Public Housing Assessment System. So what does that mean? We are evaluated under 4 scoring factors. They are physical condition, financial condition, management operations, and the Capital Fund program. We have an independent inspection of a sample of our units under the physical conditions factor. Under the financial conditions, we are scored on our annual audit, the ratio of quick assets to current liabilities, the amount of reserves that we have, and the ratio of net operating income to the amount of debt payments. Under the management operations, we are scored on our occupancy percentage, the amount of tenant accounts receivables, and the amount of money owed vendors at the end of year. The final factor is the Capital Fund program which scores us on the timely obligation of funds and the timely expenditure of funds. Out of the 100 points available in this program we scored 94 last year, which was higher than the last two years.
3. We are maintaining a 98% or better occupancy in public housing with a turnaround time of less than 30 days.
4. We have completed 100% of all emergency work orders within 24 hours and average 2 days to complete routine tenant request work orders.
5. We have maintained a tenant receivable average days outstanding of 14.86 days. We do not allow our residents to accumulate large balances.
6. We provide a multitude of services to our residents, such as our newsletter, our Senior Club, the summer Reading Pals program, the Back to School Bash, Family Self-Sufficiency classes, and other programs.
7. We receive extra funding from our non-federal activities. We use these funds to improve our properties and increase the supply of affordable housing in our community.
8. We DO NOT use local tax dollars. We make payments in lieu of property taxes to local governments. For FY 2016 we will pay $100,084.33 in PILOT payments.