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Milan Ozdinec, Deputy Assistant Secretary for Public Housing and Voucher Programs Kentucky Housing Association HCV Update Slide 2 Topics 2 Overview of HCV Program HUDs HCV Objectives HUDs Management Plan Goals for HCV Budget Slide 3 Overview of HCV Program 3 HCV program currently assists 2.1 million households 31,455 households are assisted in Kentucky 2010 ABA for the entire HCV program was $16.6 billion Kentuckys total 2010 ABA accounts for $171.2 million 2010 renewal funding for the HCV program is $16.4 billion Excludes new incrementals such as new units and special purpose vouchers Management goals are focused on leasing potential and shortfall prevention Slide 4 Voucher Renewal Funding 2001-2010 $ in millions Note: 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. 4 Slide 5 Budget Utilization Trends $ in millions HAP expenditures have fallen short of budget authority in recent months For June 2010 HAP Budget Authority was $1.39 billion and HAP expenditures was $1.35 billion 5 Slide 6 Trends in the Number of Vouchers HCV program currently serves 2.1 million households Number of voucher-assisted households increased by 0.4% over last year Note: Includes MTW housing authorities. 6 Slide 7 Trends in Leasing Rates Additional funding was made available in December 2009 for PHAs facing shortfalls which reduced the decline in leasing at the end of 2009 Leasing continued to decrease in early 2010 7 Slide 8 Our Objectives? 8 Bottom Line house more people with HCV and stabilize HCV Sept 2009 Sept 2011 New Increments: VASH, FUP, Disability related, etc. Leasing more of the existing program HUD Efforts Developing spreadsheet tools to identify leasing potential / shortfall prevention Identifying resources, building capacity Being organizationally more flexible Outreach to our partners training, consultation Slide 9 HCV Initiative: One Year Earlier. Last Years Conference Problem identified: Inadequate attention to HUDs largest subsidized housing program Management Commitment to re-focus on HCV HCV Working Group Formed FO and HQ team members 9 Slide 10 One Year Later. Investment in capacity building in HUD and PHAs Field Office Points of Contact and Subject Matter Experts identified and trained Training at numerous PHA conferences and at HUD FOs Development of Spreadsheet Tools Nationwide Data Report to Identify Risk and Opportunities Individual PHA Projection Spreadsheet Shortfall Prevention Team and Process launched Utilization SharePoint Site developed to manage process and data Region 4 Pilot initiated 10 Slide 11 Our Objective: Optimizing and Stabilizing HCV Leasing Nationally 11 Slide 12 Optimizing and Stabilizing HCV Leasing in Kentucky 12 Stabilization and optimization metrics for Kentucky: 4 PHAs with potential shortfalls using projections for end of CY No PHAs in the Top 200, 29 PHAs have some leasing potential using projections for end of CY 12 PHAs in the optimal zone using YTD budget and leasing numbers Comparison of Kentucky to Nation using YTD numbers Slide 13 Hierarchy of HCV Capacity Impacting Variables with Policy Choices Good measurement of variables Minimal to Anecdotal Knowledge of variables 13 Building Capacity by Mastering Critical Variables Slide 14 Two Year Forecasting The key to stability: Projecting into Year Two Estimating Funding: Modeling Re- benchmarking Testing Issuance scenarios monthly updating 14 Slide 15 HUD HCV Management Goals Increasing Families Served Making VASH work Partnership and problem solving 15 Slide 16 Budget Status 2011 Status 2012 Planning Relevance to HCV efforts at Optimizing and Stability 16