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AGENDA RECOMMENDATION |
Item No: 4.B.
Economic Development Authority
- Meeting Date:
- 11/12/2024
Agenda Item:
Set December 9, 2024, as the date of public hearing to approve the 2025 Public Housing Capital Fund program.
Recommendation/Action(s):
Set date of Public Hearing for the Public Housing 2025 Capital Fund Program.
Summary:
The Public Housing Capital Fund plan has traditionally been approved each year with the PHA Annual Plan to manage the formula funding for modernization of the Mankato Public Housing units. HUD has separated the procedures and adjusted timelines for the Capital Fund program to align with the annual budget process.
The 2025 Capital Fund includes the continued modernization and repair of the public housing units and site improvements required through RAD process. This plan will also include the repositioning of the Public Housing through Section 18 Conversion and the RAD Small PHA Blend programs.
The Capital Fund Program for 2025 has been posted for public comments and a Resident Advisory Meeting was held today. A summary of any comments received will be shared during the Public Hearing.
The requested action is to set December 9, 2024, as the date of public hearing for the 2025 Capital Fund Program.
The 2025 Capital Fund includes the continued modernization and repair of the public housing units and site improvements required through RAD process. This plan will also include the repositioning of the Public Housing through Section 18 Conversion and the RAD Small PHA Blend programs.
The Capital Fund Program for 2025 has been posted for public comments and a Resident Advisory Meeting was held today. A summary of any comments received will be shared during the Public Hearing.
The requested action is to set December 9, 2024, as the date of public hearing for the 2025 Capital Fund Program.