Executive director reports vacancies, rent collections and three audit findings

Executive Director Jackson presented the board with operational and financial updates for June 2026, including rent collections, occupancy status, voucher activity and audit findings.

Jackson reported that the agency collected $16,500 in rent for June (including $400 in deposits). Of the authority's 129 units across three properties, 53 were leased and six were vacant; two vacancies were move-in ready and four units were undergoing repairs with one expected to be finished within a week. "We are hoping that the units 227 and 253 are occupied as of August 1," Jackson said when describing anticipated move-ins.

On voucher and HAP activity Jackson said the agency had several port-outs (to St. John, Kenner and Texas jurisdictions), 24 port-ins leased up, and 241 vouchers leased up overall with eight voucher holders still searching for housing. He noted a timing-related shortfall in HAP receipts for June (payments out $269,000 vs. income received $246,000) and said he expected HUD to provide supplemental subsidy later in the year to reconcile the difference.

Jackson also summarized the agency's audit results: three findings (down from four last year) and no questioned costs. He described the findings as a late state submission (which staff expect to avoid next year), a Section 8/Low Rent proration issue being addressed through a cost-sharing strategy and internal fund transfers, and timing issues drawing down capital fund grant dollars without contemporaneous capital expense documentation. Jackson said staff are working with consultants (76 Strategies and others) to resolve findings and will provide a formal corrective-action report.