Loading...
III. 3. Adopt Resolution 544, approving the Operating Subsidy submission for the period ending 12-31-22 (HRA2022-01)March 1, 2022 HRA Report 2022-01 PUBLIC HOUSING OPERATING SUBSIDY Proposed Action Staff recommends that the Council approve the following motion: adopt Resolution 544, approving subsidy submission for the period ending 12/31/22. With the approval of this motion, staff will complete the Operating Subsidy documents and make them available to HUD for their review, adjustment and approval. Overview Each year Hopkins HRA is required by the Department of Housing and Urban Development (HUD) to develop and approve a budget for the operation of the 76 units of Hopkins HRA- owned Public Housing at Dow Towers. HUD currently distributes Operating Subsidy based on the calendar year rather than the HRA fiscal year. In addition to preparing the fiscal year budget, HUD annually request submission of the Operating Subsidy calculation. When Congress determines the amount of funding for the Public Housing programs, we will be notified of the actual amount. For 2022, we will receive Operating Subsidy funding from HUD to assist in the general operations at Dow Towers. Supporting Information • Resolution 544 • Calculation of operating subsidy Alternative • The HRA has the following alternatives regarding this issue: 1. Approve the action as recommended by staff 2. Continue for further information ________________________________________ Muse Mohamed, Executive Director PHA Board Resolution Approving Operating Budget U.S. Department of Housing and Urban Development Office of Public and Indian Housing Real Estate Assessment Center (PIH-REAC) 0MB No. 2577-0026 (exp. 6/30/2022) Previous editions are obsolete form HUD-52574 (0812005) Public reporting burden for this collection of information is estimated to average 10 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays ·a currently valid 0MB control number. This information is required by Section 6(c)(4) of the U.S. Housing Act of 1937. The information is the operating budget for the low-income public housing program and provides a summary of the proposed/budgeted receipts and expenditures, approval of budgeted receipts and expenditures, and justification of certain specified amounts. HUD reviews the information to determine if the operating plan adopted by the public housing agency (PHA) and the amounts are reasonable, and that the PHA is in compliance with procedures prescribed by HUD. Responses are ra.n.• ,iron tn r,hhain honcfi♦� Thie: infl"\,.m:aHnn ...tn""-� nnt lo.n,-t ih�.,,.lf t .... rnnfirf.onti.::.lihr PHA Name: HOPKINS HOUSING AUTHORITY PHA Code:------------------------- Board Resolution Number: MN078 PHA Fiscal Year Beginning: 4/1/2022 ----------- --------- Acting on behalf of the Board of Commissioners of the above-named PHA as its Chairperson, I make the following certification and agreement to the Department of Housing and Urban Development (HUD) regarding the Board's approval of (check one or more as applicable): [Kl □ □ □ Operating Budgets (for COCC and all Projects) approved by Board resolution on: Operating Budget submitted to HUD, if applicable, on: Operating Budget revision approved by Board resolution on: Operating Budget revision submitted to HUD, if applicable, on: I certify on behalf of the above-named PHA that: 1.All statutory and regulatory requirements have been met; 2.The PHA has sufficient operating reserves to meet the working capital needs of its developments; 3.Proposed budget expenditure are necessary in the efficient and economical operating of the housing for the purpose of serving low-income residents; 4.The budget indicates a source of funds adequate to cover all proposed expenditures; 5.The PHA will comply with the wage rate requirement under 24 CFR 968.110(c) and (f); and 6.The PHA will comply with the requirements for access to records and audits under 24 CFR 968.325. I hereby certify that all the information stated within, as wen as any information provided in the accompaniment herewith, if applicable, is true and accurate. Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001, 1010, 1012.31, U.S.C. 3729 and 3802) Print Board Chairperson's Name: Signature: Date: Previous editions are obsolete HUD-52574 (06/2019) Patrick Hanlon 5-44- 3/01/2022