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The Mount Vernon Housing Authority met recently to review damage reports after the round of storms. No significant damage was reported.
Executive Director Terri Austin reported that Cloverleaf had no vacant apartments.
Damage reported during the storms was minimal. Necessary work has already been completed. No claim was submitted to the insurance company.
She said she is still working with Suprema on the repairs needed on the roof. She added that work on the entry and sidewalks were completed.
Austin then told the board that the public Housing Reporting Rate (50058s) went from 40.6 percent in January to 100 percent by the end of August.
Austin then presented the Section 8 report that was prepared by Sue Lindenberg. According to the report, 198 families are on the waiting list.
Section 8 currently has 152 families participating in the program. Section 8 is also expending all its appropriated funds at this time.
Section 8’s Housing Reporting Rate went from 72.6 percent in January to 96.10 by the end of August.
Austin then offered the financial report. The report included the Capital Fund balance for 2005 and 2006, Operating Fund balance, checking account balance for Section 8 and the public housing account.
She added that a CD was transferred from Fifth Third to First Bank, where the rate increased from 3 percent to 5.75 percent.
Board member Andy Weintraut was appointed to be the vice president of the Mount Vernon Housing Authority Board to finish out the year.
The board also set a budget committee to review the 2007 budget. The budget committee includes Weintraut, James Pomeroy and Martha Phillips.