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HomeMy WebLinkAbout2025-07-17; Housing Choice Voucher (aka Section 8) Rental Assistance Program Potential Funding Shortfall (Districts - All); Barberio, GaryTo the members of the: CITY COUNCIL oat:J.l. nj1C:ic:A ~ cc✓ CM ACM _LocM (3)L July 17, 2025 Council Memorandum {city of Carlsbad Memo ID# 2025042 To: From: Honorable Mayor Blackburn and Members of the City Council Gary Barberio, Deputy City Manager, Community Services Mandy Mills, Director of Housing & Homeless Services Via: Re: Sheila Cobian, Assistant City Manager b~ Housing Choice Voucher (aka Section 8) Rental Assistance Program Potential Funding Shortfall (Districts -All) This memorandum provides information about the City of Carlsbad's Housing Choice Voucher rental assistance program. The U.S. Department of Housing & Urban Development (HUD) has put the Carlsbad Housing Agency (CHA) on notice that there is a potential funding shortfall at the end of calendar year 2025 based on forecasted costs. Background The City of Carlsbad receives funding from the HUD for the Housing Choice Voucher (HCV) rental assistance program, commonly referred to as Section 8. Each year the CHA receives a funding allocation to provide for a maximum of 709 households for its primary HCV rental assistance program (the Carlsbad Agency serves more people through other funding sources). Because of the high cost of Carlsbad's rental market, the city has historically provided assistance to approximately 500 households through the HCV rental assistance program in order to stay within the maximum budget authority. Discussion Budget authority is based on past costs, so many Public Housing Authorities (PHAs) are projected to be short of the funding needed to maintain current leasing levels with rapidly increasing housing costs. In 2024, the HUD analyzed the financials of nearly 800 PHAs and found that nearly 400 PHAs were at risk of experiencing a budget shortfall by the end of 2024, also known as "shortfall". At that time Carlsbad was not in a potential shortfall position. The HUD has previously been able to make adjustments to renewal allocations for PHAs that, despite taking reasonable cost savings measures, would otherwise be required to terminate participating families from the program due to insufficient funding. The HUD found that many PHAs would enter 2025 with very limited program reserves at a time when the availability and amount of future funding from the HUD is uncertain. City staff have been monitoring costs compared to budget and limiting new participation accordingly. Community Services Branch Housing & Homeless Services Department 1200 Carlsbad Village Drive I Carlsbad, CA 92008 I 442-339-2810 t Council Memo -Housing Choice Voucher (aka Section 8) Rental Assistance Program July 17, 2025 Page 2 In recent months, there have been numerous changes and budget discussions at the federal level. The high cost of housing in our community and others has prompted the HUD to take action to rein in costs based on budget concerns. While the House and the Senate have not yet approved appropriations for the HUD budget, it is expected that funding levels will, at best, remain flat. With no increases to address increases in housing costs, it is expected that housing subsidies per household in Carlsbad will have to be reduced and/or the number of people receiving housing assistance will have to be reduced through natural attrition. Projected Budget Shortfall As of June 24, 2025, the HUD noticed the CHA that the annual funding authorized for 2025 ($9,822,889) is projected to be short of the funding needed to maintain current leasing levels, putting Carlsbad in potential shortfall status. If per unit subsidies continue to increase at the rate the city has been experiencing, the HUD projects a potential shortfall of $140,856 for the 2025 calendar year authorized budget. This funding shortfall is mainly attributed to a disproportionate increase in housing cost compared to the increase in income for program participants. This is particularly the case for elderly and disabled households on a fixed income, of which comprise approximately two-thirds of Carlsbad's rental assistance households. Those households have seen average rent increases of approximately 8.8% compared to 2.5% increases in their Social Security income. That difference has increased the per unit monthly subsidy necessary to continue assistance to existing participants. City staff have been monitoring costs compared to budget and limiting new participation accordingly. Through attrition, staff have reduced the number of participants by 2.8% {14 households) while the monthly amount necessary to cover rent subsidies for a lower number of participants increased by over 5% (approximately $120 per household). The HUD has directed the CHA to implement immediate cost-saving measures, as follows: 1. CHA will continue to pause its application processing of vouchers for new applicants (pulling from the waitlist), other than Mainstream Vouchers (a program for non- elderly disabled persons that is not experiencing a funding shortfall). 2. CHA will not process and deny requests to move to higher cost units within Carlsbad. 3. CHA will not process and deny requests to port (transfer) out to higher cost areas outside of Carlsbad unless the other Housing Authority takes on the financial responsibility of the Voucher for the tenant. At this time, nearly all San Diego County PHAs are in shortfall status, with all having to initiate a pause on pulling applicants from the waitlist, even to fill based on attrition, and implement the above listed measures. Council Memo -Housing Choice Voucher (aka Section 8) Rental Assistance Program July 17, 2025 Page 3 Seek Additional Funding In addition to the cost savings measures identified above, city staff will submit an application for shortfall funding when authorized by the HUD to do so. Shortfall funding is one of the eligible categories for PHAs that are at risk of terminating participating families from the program due to insufficient funding. The HUD will automatically determine the PHA's eligibility for additional funding and the HUD will provide additional funding in accordance with its established Housing Assistance Payment (HAP) set-aside funding priorities and available funding. Next Steps By following HU D's guidance, the CHA will be able to balance HCV funding to ensure that current voucher holders remain supported and families currently receiving housing assistance remain housed regardless of uncertainties in federal funding. City staff will prioritize careful leasing and funding utilization decision making, to ensure that families currently assisted are not placed at risk of termination due to funding shortfalls. cc: Geoff Patnoe, City Manager Cindie McMahon, City Attorney Laura Rocha, Deputy City Manager, Administrative Services Zach Korach, Finance Director