SHA Commissioners adopt Fiscal Year 2007
Moving To new Ways plan and agency budget
SEATTLE—August 15, 2006—The Seattle
Housing Authority Board of Commissioners adopted the Moving To new
Ways plan and SHA's agency budget last month. Several actions in the plan
and budget will affect current and future SHA residents and
community members.
Seattle Housing
Authority is one of about 30 housing
authorities across the country participating in the U.S. Department
of Housing and Urban Development's Moving To new Ways program. This program allows SHA
to test innovative methods to improve housing services to
better meet local needs.
Many of the actions outlined in the plan are continued from
projects that were in previous years' plans. For
example, private homebuilders will continue to build new homes in High
Point and Rainier Vista, including some homes affordable to households
with incomes below 80 percent of Seattle’s median income.
Low income
and workforce housing will be under construction in the second
phases of High Point and Rainier Vista with completion expected in
2008.
SHA will also continue to partner with other housing providers to offer
diverse housing options. Holiday, one of the largest providers of
senior housing in the country, will build a 160-unit market-rate
senior housing community at High Point.
In Fiscal Year 2007 the replacement housing for NewHolly will be
completed and replacement housing for Rainier Vista and High Point
will continue throughout the year and beyond.
homeWorks, SHA’s five-year capital program to renovate building
systems and common areas in 21 public housing high-rises, will enter
its second phase.
Other activities in the plan include continuing to sell a selection
of SHA’s Scattered-Sites units. The units will be replaced with
other units that will help the Scattered-Sites program run more cost
effectively and provide housing better suited to residents’ needs.
Residents will also benefit from the continuation or expansion of a
variety of successful community services programs.
The agency's Fiscal Year 2007 budget outlines a
combined operating and capital budget of $302 million and exceeds
last year’s adopted budget by $68 million.
The proposed routine operating expense increase
of $6.8 million is due primarily to increases in Housing Choice
Voucher use, short-term development and staff expenses associated
with homeWorks, and inflation adjustments for general cost of
operations.
The proposed capital and non-routine expense
increase of $61 million is due primarily to beginning the second
phase of homeWorks, and redeveloping the Lake City Village site,
Rainier Vista and High Point.
To read the full plan and budget, please
click on the following links.
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