Christine Sauter

Key discussions during the meeting included the review and approval of the agenda, financial reports, bills, and payroll for December year-to-date, noting that overall earnings were above budget and well above the previous year's performance. Clarifications were provided regarding conservative budgeting due to HUD fund timing and details on Payments in Lieu of Taxes (PILOT) and current interest rates. The Executive Director's report covered legal consultations on FOIA and tenant terminations, along with detailed statistical reports on unit occupancy across various projects. Capital projects updates included the completion of kitchen cabinet and countertop replacement at Mason Court, confirmation of the Annual Capital Plan Public Hearing, and discussion of elevator vendors. The Board also approved Resolution 26-09 for Property and Liability Insurance Renewal and Resolution 26-10 for the 5-Year Capital Plan 2026-2030.

The meeting covered financial reports, noting revenues above budget due to dwelling rents, HCV Admin Fees, and HCV Fraud repayments. Discussions included cyber insurance, cleaning stipends to residents, and Maintenance Fleet Service fees. The bills were approved for payment. The Executive Director provided updates on legal consultations, FOIA, tenant terminations, and occupancy statistics. Capital projects were reviewed, including the Mason Court Kitchen Cabinet and Countertop Replacement. The 5-year Capital Plan is posted on the website, with HCV utilization at 101% and total occupancy at 99.0%. The board approved Resolution 26-07 regarding Public Housing Flat Rents and Resolution 26-08 concerning Health Insurance Renewal.

The meeting covered financial matters, including a review of the March year-to-date financials, which indicated earnings exceeding $920,000 for the fiscal year. There was a discussion on expense categories exceeding budget projections. The bills were submitted and approved for payment. The Executive Director provided updates on legal consultations, tenant terminations, capital projects, HCV utilization at 98.7%, and public housing occupancy at 98.4%. SEMAP completion was reported at 90% with all possible points earned.

The resolution focuses on modifying the existing Payment Standard Schedule to help maintain or grow the current level of families served while encouraging participation for both current and prospective landlords/owners. The resolution approves the implementation of the voucher payment standard into the Housing Choice Voucher Program effective December 1, 2024.

The meeting covered financial performance, noting that Net Operating Earnings for all programs are well above budget. HUD has approved the 2024 calendar year funding timeline. The board reviewed legal consultations on FOIA and tenant terminations, move-outs, voucher utilization, and property occupancy. Capital projects are in progress, including a refrigerator grant at Taylor Street Plaza. There was a brief discussion about Board Members attending the PHADA conference.