Vancouver Housing Authority’s $61 million proposed 2019 budget was unanimously approved Thursday during its board of commissioners meeting. The agency anticipates starting as many as five construction projects in the coming year, three of which are rehabilitating existing properties.
“In the past, we have started one every couple of years,” said Mila Fabyanchuk, the housing authority’s financial analyst.
She said there was less uncertainty for 2019 in terms of how federal dollars will shake out. Slightly less than half of the agency’s budget comes from the federal Department of Housing and Urban Development, primarily for housing assistance payments, or Section 8.
The 2019 budget is an increase of about $3.3 million from 2018; much of that is due to an increase in salaries and housing assistance payments, the agency’s largest expense. About $22.9 million is budgeted for those payments that will serve approximately 2,900 low-income households in 2019. This year, tenants began putting more of their income (35 percent) toward rent to help stretch the Section 8 budget. Vancouver Housing Authority can deviate from some federal requirements because it’s one of 39 Move to Work authorities in the country — a program that gives it more flexibility.