FY 12 Plan - HUD
FY 12 Plan - HUD
FY 12 Plan - HUD
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[Moving-to-Work 2011-20<strong>12</strong> Annual <strong>Plan</strong>]<br />
to complete another Physical Needs Assessment within the next nine months. This will<br />
include an assessment of the affordable, mixed income properties as well as the public<br />
housing portfolio. To best utilize resources available to make capital improvements,<br />
SAHA will prepare a five year capital improvement plan that will include all of its owned<br />
and managed units. Decisions on use of these funds will focus on health and safety<br />
Issues and making those investments that will extend the remaining useful life of major<br />
building systems, update properties for enhanced livability and marketability. A set of<br />
guidelines have been developed which evaluates each property on its physical assets,<br />
amenities in the area, marketability and financial condition. Investments of capital funds<br />
will be focused on properties that are in good locations and need capital improvements<br />
to prevent further decline of the physical and financial asset. The cost of a capital<br />
improvement is added to the basis of the asset improved and then depreciated in<br />
contrast to repairs and maintenance, which are expensed. Below is a brief narrative of<br />
each grant and its associated program.<br />
Capital Fund Program (CFP): The Capital Fund Program funds are distributed<br />
annually to PHAs on a formula basis for capital improvements.<br />
CFP Five Year <strong>Plan</strong>: Annually, SAHA submits to <strong>HUD</strong> a Five Year <strong>Plan</strong> listing<br />
proposed capital improvements to be undertaken at public housing properties. The<br />
current plan includes years 2011 to 2015. <strong>Plan</strong>ned improvements and upgrades for both<br />
family and elderly properties include: roofing, exterior repairs and painting, playground<br />
upgrades, site improvements, fencing, interior renovation, elevator upgrades, heating<br />
and cooling system upgrades, comprehensive modernization, and various other<br />
improvements. Total 5 Yr. <strong>Plan</strong>: $48,722,860.<br />
CFP Performance and Evaluation Reports (P&E): P&E Reports, which are provided<br />
to <strong>HUD</strong>, include all open and existing capital improvement grants. The reports contain<br />
PHA obligation and expenditures statistics and any revisions to planned improvements.<br />
SAHA‟s major planned and current improvements include: roofing, exterior repairs and<br />
painting, playground upgrades, site improvements, fencing, interior renovation, heating<br />
and cooling system upgrades, comprehensive modernization, and various other<br />
improvements. Total P&E Reports: $ 45,620,155.<br />
Capital Fund Financing Program (CFFP): The CFFP is a modernization loan that<br />
leverages the CFP to expedite needed improvements at public housing properties. The<br />
major improvements undertaken by the CFFP included: utility/infrastructure upgrades,<br />
roofing, interior renovation, exterior repairs and painting, site improvements,<br />
comprehensive modernization, and various other improvements. The CFFP was totally<br />
expended in September 2010, and the final close-out documents were submitted to <strong>HUD</strong><br />
in September 2010. Total CFFP loan is $23,116,0<strong>12</strong>.68 as of March 31, 2011. The loan<br />
was originally closed during November 2006, and has a 20 year term.<br />
Replacement Housing Factor Program (RHF): The RHF program is a grant program<br />
San Antonio Housing Authority Annual Moving-to-Work <strong>Plan</strong> <strong>FY</strong> 2011-20<strong>12</strong> Page 18
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