|
GOVERNOR'S RECOMMENDED FY 2011 BUDGET |
MISSION:
To provide a fully adequate supply of sanitary, decent, and safe accommodations at rental or carrying charges that such persons can afford; to encourage the investment of private capital; to stimulate the construction and rehabilitation of residential housing; to sell bonds to provide low interest mortgages; and, to produce and sell 175 quality homes each year to provide an affordable housing alternative.
ACTUAL
FY 2008ACTUAL
FY 2009BUDGETED
FY 2010REQUESTED
FY 2011GOVERNOR'S RECOMMENDED
FY 2011RECOMMENDED INC/(DEC)
FY 2011
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
1,442,927
1,495,673
1,765,346
1,655,594
1,656,196
(109,150)
Other Funds
6,337,621
6,033,222
8,612,867
8,302,619
8,305,110
(307,757)
Total
$7,780,548
$7,528,895
$10,378,213
$9,958,213
$9,961,306
($416,907)
EXPENDITURE DETAIL:
Personal Services
$3,536,271
$3,548,167
$4,048,664
$4,048,664
$4,051,757
$3,093
Operating Expenses
4,244,277
3,980,728
6,329,549
5,909,549
5,909,549
(420,000)
Total
$7,780,548
$7,528,895
$10,378,213
$9,958,213
$9,961,306
($416,907)
Staffing Level FTE:
59.6
56.8
65.0
65.0
65.0
0.0
| ACTUAL FY 2008 |
ACTUAL FY 2009 |
ESTIMATED FY 2010 |
ESTIMATED FY 2011 |
|
| REVENUES: | ||||
| Total |
$0 |
$0 |
$0 |
$0 |
| PERFORMANCE INDICATORS: | ||||
| Home Ownership Program Active Loans | 17,022 | 16,941 | 17,500 | 18,000 |
| Mortgage Assistance Program Loans | 8 | 10 | 100 | 10 |
| Home Improvement Loans | 152 | 109 | 130 | 135 |
| HUD Traditional Contract Administration | ||||
| Units Completed | 2,246 | 2,184 | 2,184 | 2,065 |
| Section 8 Asst. Pymts. (Federal Subsidy) | $9,873,198 | $9,344,478 | $9,400,000 | $8,830,000 |
| HUD Performance Based Contract Administration | ||||
| Units Allocated by HUD | 3,225 | 3,465 | 3,443 | 3,562 |
| Section 8 Asst. Pymts. (Federal Subsidy) | $12,489,584 | $13,595,967 | $13,700,000 | $14,270,000 |
| Low Income Housing Tax Credits Allocated | $2,560,000 | $2,500,000 | $2,500,000 | $2,600,000 |
| SDHDA/FmHA Cooperative Rental Program: | ||||
| Units Allocated/(SDHDA Subsidy) | 73/$177,425 | 73/$156,231 | 73/$200,000 | 73/$200,000 |
| Emergency Shelter Grant Program--Federal Grants | $330,334 | $323,369 | $330,000 | $330,000 |
| HOME Program: Amount | $4,204,236 | $3,743,345 | $6,000,000 | $4,000,000 |
| Services to Aging Residents (STAR)--Tenants Served | 972 | 949 | 949 | 949 |
| FLEX Program | ||||
| Flex Lending Program | $2,925,484 | $2,132,739 | $2,100,000 | $2,500,000 |
| Day Cares | $104,000 | $76,000 | $228,000 | $228,000 |
| Governor's House Program | 106 | 92 | 125 | 125 |
| MF Bond Programs - Units Completed | 0 | 99 | 100 | 100 |
| HUD Housing Counseling Grant Program | ||||
| Clients Served | 1,870 | 1,788 | 3,900 | 3,900 |
| Homeowner Education Resource Organization | ||||
| Clients Served | 1,910 | 2,032 | 2,358 | 2,500 |
| Other Federal Programs Compliance | ||||
| Units Allocated | 7,222 | 7,578 | 7,800 | 8,000 |
| Neighborhood Stabilization Program Funds | ||||
| Federal Grants | N/A | 0 | $7,000,000 | $12,000,000 |
| Refinancing of Subprime Loans | ||||
| Number of Loans | N/A | 0 | 50 | 50 |
| Homeless Prevention & Rapid Re-Housing Program | ||||
| Federal Grants (ARRA) | $750,000 | $2,000,000 | ||
| Tax Credit Assistance Program | ||||
| Federal Grants/Loans (ARRA) | $2,500,000 | $2,705,000 | ||
| Tax Credit Enhancement Program | ||||
| Federal Grants | $5,000,000 | $2,756,893 | ||
| Preservation Revolving Loan Fund | ||||
| Federal Grants | $500,000 | $1,000,000 | ||
| HUD Restructuring Projects | 1 | 0 | 0 | 0 |