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Res 096-2026 Housing Choice Voucher Administrative Fee Reserves to Address the Calendar Year 2026 09/01/2026 Resolution No. 96-2026 Resolution Authorizing the Use of $800,000.00 Housing Choice Voucher Administrative Fee Reserves to Address the Calendar Year 2026 Housing Assistance Payment Funding Shortfall WHEREAS, the City of Wichita Falls Housing Division administers the Housing Choice Voucher Program and provides Housing Assistance Payments (HAP) on behalf of eligible participating families; and, WHEREAS, the Housing Division is projected to experience a HAP funding shortfall during Calendar Year 2026 and has worked with the U.S. Department of Housing and Urban Development (HUD) Shortfall Prevention Team to review current HAP expenses, leasing levels, available funding, and projected program needs; and, WHEREAS, HUD has strongly recommended the use of $800,000.00 in available Housing Choice Voucher Administrative Fee Reserves to address the projected HAP funding shortfall, which includes a buffer amount recommended by HUD to ensure sufficient funding is available to meet HAP obligations. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The City Manager or his designee is authorized to execute all documents necessary for the use of $800,000.00 in available Housing Choice Voucher Administrative Fee Reserves, the recommended amount necessary and allowable under HUD requirements, to address the projected Calendar Year 2026 Housing Assistance Payment funding shortfall. This amount includes a buffer amount specified by HUD. PASSED AND APPROVED this the 1st day of September, 2026. MAYOR ATTEST: cam,6.41.4ir City Clerk