Update on Housing Choice Voucher (HCV) Shortfall
The Roanoke Redevelopment and Housing Authority (RRHA) is providing an update regarding the status of the Housing Choice Voucher (HCV) Program Shortfall.
At the close of 2024, HUD allocated additional mainstream funding to the HCV program, allowing RRHA to issue new vouchers. Although the waitlist has slowly reopened, RRHA is projecting a Housing Assistance Payment (HAP) shortfall for the HCV program in Calendar Year (CY25). As a result, the organization will continue to implement the cost-saving measures outlined in the CY24 Action Plan.
RRHA will continue to provide rental assistance on behalf of all current HCV participants, ensuring that current housing assistance payments remain uninterrupted. At this time RRHA does not have a budget and we are operating under a continuing resolution which is in effect until March 9, 2025. Under continuing resolutions, we are funded at the same level as last year, with no cost of living increases.
Further updates will be shared on the RRHA website as they become available.
Sincerely,
RRHA Management Team