Louisville Housing Authority Agenda and Packet 2013 07 25

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- IGA commitments Status of properties Transfers Regal Square documentation has been submitted Sunnyside is continuing to be processed by the bank Hillside documents are being gathered for the disposition with HUD Louisville representative has been appointed to the Advisory Board - Update on the Alkonis property, due diligence cleared, close March 22nd Hope to greatly exceed the 15 unit commitment with this site - Aggregated property operations show a vacancy rate of 3% for the 30 units formerly owned by BCHA, all of the LHA units, and the tax credit units Includes specific financial information for East Street - Portfolio demographic projections: $1.7 million has been set aside for renovation on the Louisville properties Plan to have it bid in the next few months - Additional BCHA services in Louisville Vouchers, currently 82 leased up in Louisville Serving predominately very low income families, elderly, and disabled Most clients are below 30% of AMI One Louisville participant in our new TBRA (Tenant Based Rental Assistance) program; a collaboration with the school district addressing homelessness for families with children in schools Family Self Sufficiency has 17 households leased up in Louisville and is a significant part of our case load Housing Stabilization and Housing Counseling programs help people who have hit a hardship to stay stable in their housing; the programs have active participation in Louisville Weatherization, LPEC, provides a number of different services free to the client to make their homes more energy efficient and comfortable. Six projects completed in Lousville CIP program is crisis intervention for households with no heat 6,000 clients accessed some kind of food assistance and cash/medical assistance Frank said that affordable housing units are one part of our presence in Louisville. It’s really critical to have that stock. Flexible programs like HSP, TSN, TBRA, Housing Counseling, foreclosure and eviction prevention, weatherization, and energy use reduction programs, use flexible dollars and support the community in a different way. When we talk about acquiring and planning Alkonis, it’s a 5 year project which you will have for 50-100 years. We are looking at what has defined this economic downturn. Because of the depth and length of this recession, more middle class families are falling behind. Frank said that the greatest percentage increase in Human Services case loads was between 2008 and 2009. With Federal Health Reform you are never going to see it below this. We are looking at 10,000 – 12,000 more people coming onto the Medicare program, primarily because of the Federal Health Reform expansions that are occurring. In almost every one of our major programs, more than 50% of our subsidies are used for elderly in the community. 50% of our Medicaid dollars are spent on seniors. Willa asked for feedback on the format of the report. 3