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TRACS Industry Group Meeting

TRACS Industry Group Meeting. June 16 th and 17 th , 2004 Office of Housing Assistance and Contract Administration Oversight (HACAO). Requested Budget Renewals: $4.7 billion Amendments: $315 million. Appropriation Renewals: $4.6 billion Amendments: $141 million.

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TRACS Industry Group Meeting

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  1. TRACS Industry Group Meeting June 16th and 17th, 2004 Office of Housing Assistance and Contract Administration Oversight (HACAO)

  2. Requested Budget Renewals: $4.7 billion Amendments: $315 million Appropriation Renewals: $4.6 billion Amendments: $141 million FY 2004 Rental Subsidy Renewals and Amendments

  3. Funding Strategy Through Year-End for Renewals • Completed funding of contracts through 6/30/2004 • Process 4th Quarter renewals by 7/15/2004 • Monitor contracts for shortfalls and unobligated balances

  4. Funding Strategy Through Year-End for Renewals • Actual funding estimated are very conservative to help ensure that all contracts receive a “reasonable amount” of budget authority from available appropriations • Headquarters staff working with field staff will perform a case-by-case review of contracts with unobligated commitment balances and any contracts with shortfalls to reallocate unused balances (July 2004).

  5. FY 2005 Budget Request for Renewals and Amendments • Renewals: $5.1 billion • A $330 million increase over FY 2004 • Amendments: $ 336 million • Section 202: $773 • A reduction of $5 million • $4 million for renewals • $30 million in rehab grants • $53 million for Service Coordinators

  6. FY 2005 Budget Request for Renewals and Amendments • Section 811: $249 million • A reduction of $1.57 million • $2 million for renewals • $50 million for mainstream vouchers

  7. Continuing Resolution • Expect Continuing Resolution until 1st Quarter of FY 2005 • Appropriations for HUD Should Occur January/ February 2005 • Funding Strategy for FY 2005: • avoid late payments by processing 1st Quarter amendments and renewals as soon as possible

  8. Flexible Voucher Program • Reinvention of Section 8 Voucher program • Overhauls the funding approach for the Voucher Program • New Voucher Budget Based Approach Reduces Budget Request By $1.6 in FY 2006 • Gives PHAs More Flexibility to Administer Program At the Local Level

  9. PBCA Awards

  10. PBCA Ramp Up • 120 day ramp up period allows PBCA to lease office space, hire and train staff, develop operating procedures, setup the necessary tracking documents and systems, complete file transfer, outreach to owners and agents, etc. • HUD staff complete Readiness Review 30-45 days prior to the tentative start date to ensure PBCA is ready to assume oversight responsibilities

  11. Non-recompete of PBCA Contracts • Original term of ACC is for 36 months plus two option terms (12 months each) • Headquarters determined renewing the ACCs provides a better value than recompeting ACCs: • Administrative/resource burden • Impact of changing PBCA on industry partners and HUD staff

  12. Extension of ACC Term • Office of General Counsel is drafting an amendment to extend the ACC an additional 10 years • HACAO is examining various options to negotiate a reduction in bid fees for years 6 to 15 with the PBCAs • HACAO welcomes any suggestions and/or recommendations you or your staff may have regarding the reduction in the fee structures

  13. Neighborhood Networks- - Growth Since Inception As of May 18, 2004

  14. Neighborhood Networks- - FY 2004 Goal Accomplished as of 5/18/04

  15. Neighborhood Networks • 4th Annual Neighborhood Networks Week will be June 20-26, 2004 • This year’s theme is “Connecting Families With The Future” • To date 64 NN centers have registered events for NN Week • Encourage NN centers to participate by implementing activities reflective of the theme

  16. Neighborhood Networks • Eight NN Forums are planned for NN Week: • Alabama • California • Florida • Kansas • Maryland • Ohio • Oklahoma • New Jersey

  17. Neighborhood Networks • 10th Anniversary for NN National Conference is planned for summer of 2005 • Approval of location is pending Housing approval

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