Documented by Ntsa Iab Vang
According to the agency report, the proposed budget for 2023 Agency Operations has revenues of $47.8 million, consisting primarily of federal funding provided by HUD for housing programs. Agency operating expenses total $47.1 million, of which more than half is in support of the Housing Choice Voucher and Public Housing programs, which provide affordable housing for more than 14,000 low-income families, seniors, disabled, and veterans.
Net operating expenses include 227 full-time positions and net operating income totals approximately $671,000. Staff is expecting to add an additional $570,000 of unrestricted reserves in 2023 for a total balance of $4.69 million in reserves at the end of 2023.
Investments will be continued in the SW Fresno/California Avenue Neighborhood project, Transformative Communities initiative, resident and community safety initiatives and a landlord outreach program.
And also: CEO Tyrone Roderick Williams was appointed by Governor Newsom to the California Housing Board Financing Agency. The agency provides funding and support for multi-family development and home ownership activities