TITLE
Recommendation to adopt resolution approving a revised Voucher Payment Standard Schedule for the Section 8 Housing Choice Voucher Program, effective January 1, 2023 for all zip code areas in Long Beach. (Citywide)
DISCUSSION
The Housing Authority of the City of Long Beach (Housing Authority) requests consideration and approval to publish a revised Payment Standard Schedule for housing units located in all Long Beach ZIP codes for all bedroom sizes. Annually, the U.S. Department of Housing and Urban Development (HUD) issues new Fair Market Rents (FMR) that are reviewed at the local level and set for the next calendar year.
FMRs are published by HUD for each metropolitan statistical area and change annually. The FMR is the maximum monthly subsidy provided for an assisted family.
The Housing Authority is requesting approval to publish the Payment Standard Schedule to reflect amounts between 90 and 110 percent of the 40th percentile rents for housing units located in all Long Beach zip codes, for all bedroom sizes, under the fair market rents or small area fair market rent. The payment standards are used in determining the maximum amount of subsidy HACLB will pay to landlords and the calculation of participant rents.
The Housing Authority has completed an assessment of the rent burden to our participant families and adjusted the payment standards based on this data.
This matter was reviewed by Deputy City Attorney Richard F. Anthony on October 20, 2022 and by Budget Analysis Officer Greg Sorensen on October 25, 2022.
TIMING CONSIDERATIONS
Housing Authority Commission action is requested on November 15, 2022 to publish a revised Payment Standard Schedule in a timely manner.
FISCAL IMPACT
The proposed changes to the Voucher Payment Standard Schedule will not result in an increase of expenditures. Funding to support the Housing Choice Voucher program are appropriated in the Housing Authority Fund Group in the Health and Human Services Departmen...
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