The Housing Authority of Winston-Salem is still waiting for HUD to resolve a “financing dispute” before 1800 families lose their housing vouchers:
HUD officials told HAWS at the end of May that the agency would be getting less money this year and that the cut was retroactive to January — meaning that for five months HAWS had been spending money it did not have.
HUD required HAWS to fill the gap with money it has in a reserve, but miscalculated how much is in the reserve, according to HAWS officials. The reserve is from years in which HAWS reached its cap on vouchers but still had leftover money. HUD calculated that HAWS had about $6 million, but the agency says it has $3.2 million in the reserve.
The assumption seems to be that this is a some sort of bureaucratic snafu on HUD’s part. No doubt possible, but if HAWS has control of the reserve fund, then they surely should know the whereabouts of the missing $2.8 million, correct?
