Documented by Ntsa Iab Vang
What happened: The Fresno Housing Authority Joint Boards of Commissioners met on Dec. 13, 2022 and approved the 2023 budgets for agency operating and housing assistance payments.
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
What’s ahead: Chair Cary Catalano was reappointed as chair for the next two years. The next Fresno Housing board meeting is scheduled at 5 p.m. on Jan. 24, 2023.