Nevada_Executive_Budget_2013-2015

B&I - HOUSING DIVISION
503-3841
PROGRAM DESCRIPTION
The Housing Division assists and encourages the private sector and other governmental entities in the financing, creation and maintenance of affordable housing throughout the state.
Statutory Authority: NRS 319.
BASE
This request continues funding for twenty-seven positions and associated operating costs. One-time expenditures have been eliminated and partial year costs have been annualized.
2012-2013 2013-2014 2013-2014 2014-2015 2014-2015
2011-2012 WORK AGENCY GOVERNOR AGENCY GOVERNOR
ACTUAL PROGRAM REQUEST RECOMMENDS REQUEST RECOMMENDS
RESOURCES:
BALANCE FORWARD FROM PREVIOUS YEAR 547,734 591,795 1,163,894 1,163,894 1,198,600 1,209,791
BALANCE FORWARD TO NEW YEAR -591,794 0 0 0 0 0
FED HOME GRANT 1,995,051 3,000,000 3,001,118 3,001,118 3,001,118 3,001,118
FEDERAL GRANT - ARRA TCAP 181,696 0 0 0 0 0
FED GRANT - TCAP 1602 EXCHANGE 7,064,132 0 0 0 0 0
TAX CREDITS - APPLICATION FEES 619,804 473,240 619,804 619,804 619,804 619,804
TAX CREDITS - AUDIT FEES 815,360 729,477 815,360 815,360 815,360 815,360
COST OF ISSUANCE 2,025,634 3,450,000 4,800,000 4,800,000 4,800,000 4,800,000
COST ALLOCATION REIMBURSEMENT - E 6,727 6,822 6,727 0 6,727 0
COST ALLOCATION REIMBURSEMENT - F 8,253 34,223 17,034 17,034 17,320 17,320
BOND PROGRAM INCOME 759,204 1,156,721 957,204 957,204 957,204 957,204
INTEREST INCOME 57,252 59,467 59,467 59,467 59,467 59,467
LOAN REPAYMENT 94,994 165,607 165,607 165,607 165,607 165,607
TRANSFER FROM PROGRAMS 24,747 173,067 175,000 175,000 175,000 175,000
TOTAL RESOURCES:
EXPENDITURES:
13,608,794 9,840,419 11,781,215 11,774,488 11,816,207 11,820,671
PERSONNEL 1,808,831 2,124,723 2,240,091 2,222,600 2,274,660 2,257,062
IN-STATE TRAVEL 1,689 1,690 1,689 1,689 1,689 1,689
OPERATING EXPENSES 107,088 107,528 106,638 106,348 107,302 107,012
EQUIPMENT 1,516 0 1,516 0 1,516 0
HOUSING DATABASE ADMIN 7,034 45,274 24,701 14,434 24,838 14,564
COST OF ISSUES-PROGRAM 2,025,633 3,001,523 4,822,236 4,820,003 4,822,236 4,819,947
HOME PROGRAM ADMIN 2,005,220 3,000,000 3,001,115 3,001,168 3,001,115 3,001,161
TAX CREDIT PROGRAM 161,785 134,759 158,577 159,280 158,931 159,615
LOAN SERVICING 23,618 23,866 1 0 1 0
ARRA-TCAP AWARDS 181,696 0 0 0 0 0
ARRA-TCAP 1602 EXCHANGE 7,064,132 0 0 0 0 0
INFORMATION SERVICES 31,358 8,190 8,397 8,397 8,397 8,397
TRAINING 2,195 2,839 2,195 2,195 2,195 2,195
DEPARTMENT OF BUSINESS AND INDUSTRY B & I - 110
B&I - HOUSING DIVISION