I am 70 years old and I have diyabetic, my left foot is operation for along time. I am diceble women, I have green card, I have Bank account and haveDC ‘s idi card, and have insurance befor a month . Please, can you help me? Please write to me in this age God Bless you. I am mom
I feel that I should’ve been there. I was let go from HOC last August 2023 and expressed the issues leading to my unemployment which are the same issues brought up in this meeting. I wrote a letter directly to Chelsey to make her aware of what’s going on thinking she didn’t know (WRONG because I believe she’s aware but simply doesn’t care) and never heard back from her. She didn’t even acknowledged receiving my letter yet she had the supervisors adjust whatever they needed to adjust so that nothing will show nor anyone would question it. I did my best despite the lack of training and support from management who only kept adding more work to all the housing specialist. It’s a shame that it had to come to this………. Shame on all HOC management including the president 😡
🎯 Key Takeaways for quick navigation: 00:01 📅 *Introduction and Minutes Approval* - Introduction by Rick Nelson, chair of the HOC Budget, Finance, and Audit Committee. - Approval of the minutes of the regular open meeting and closed session meeting of November 3rd. 01:05 💰 *First Quarter FY 24 Budget Overview* - Review of FY 24 first-quarter budget to actuals. - Challenges in post-COVID revenue collection and timing sequencing of development fees. - Analysis of financial health, net position, current and quick ratio, tenant arrears, and reserves. 07:10 🏠 *Property Performance and Challenges* - Breakdown of development corporation properties into cash-flow-contributing and non-contributing. - Challenges and efforts in properties like Alexander House and RAD 6. - Discussion on occupancy levels, renovations, and outstanding issues. 20:05 🏡 *Housing Choice Voucher Program Surplus* - Surplus details in the Housing Choice Voucher Program, combining administrative surplus and housing assistance payments. - Recognition of staff efforts in achieving a high level of voucher usage. - Explanation of factors contributing to the surplus, including administrative fees and additional fees for new homeless vouchers. 23:53 🛠️ *Capital Budgets and Expenditure Monitoring* - Discussion on capital budgets, timing variances, and close monitoring of expenditures. - Clarification on the 25% variance chart and the nature of capital budget adjustments. - Addressing questions on property-specific capital needs and potential deficits. 24:34 🔄 *First Quarter Budget Amendment* - Overview of the proposed first-quarter budget amendment. - Explanation of capital rollovers, County grant increases, bond fund adjustments, and specific adjustments for Westwood Towers. - Impact analysis on the bottom line of the budget and clarification on voluntary contributions to the Debt Service Reserve. 27:48 💼 *Budget Amendment Overview* - The budget will increase by $430,000 above the balanced budget. - Total operating budget for the amendment will increase by $289,000. - Capital budget will increase by approximately $416,000. 29:52 📊 *First Quarter Financial Statement* - Net position decreased by $9.5 million (3.21%). - Liquidity ratio improved, with a current ratio of 4.64. - Total assets, excluding Deferred outflows, increased by $34.1 million (1.68%). 34:42 📉 *Financial Performance Analysis* - Net loss for the first quarter was $9.5 million. - Adjusted net loss of $3.1 million after accounting for unrealized losses. - Increase in various expenses, including administrative, leasing, and interest expenses. 38:58 📈 *Operating Revenues and Expenses* - Operating revenues increased by $4.9 million. - Adjusted operating expenses increased by $2.4 million. - Non-operating net revenues totaled $1 million for the period. 45:19 💸 *Bad Debts Write-off* - Proposed write-off for the first quarter is $133,000. - Reasons for write-offs include tenant relocations, deaths, and program changes. - The write-off process involves placing details into the uncollectible accounts receivable database. 48:18 🧾 *Audit Contract Renewal* - Request to renew the primary audit contract with CLA for one year. - CLA has a proven track record, provides timely services, and fosters transparency. - The contract renewal is for the fiscal year 2024 with a maximum price of $245,400. 55:27 ⏰ *Property Management Contracts Extension* - Request for approval to extend property management agreements expiring in Q1 2024. - Extension until June 30, 2024, to allow sufficient time for the procurement process. - No adverse impact on the FY 24 budget, as costs are already included. 57:00 🏢 *Property Management Contract Recommendation* - The Housing Commission is recommending Bazo as the third-party property manager for the Hill Andale Gateway development. - A procurement process was followed, and Bazo was selected after reviewing four proposals. - The initial contract is for two years with two optional one-year renewals, and Bazo will provide advisory services at no cost before the building's delivery. 59:07 📊 *Fee Structure Discussion for Property Management* - Discussion about the fee structure for property management services, including a flat fee for leasing and a per-unit fee after reaching stabilized occupancy. - Emphasis on the importance of robust outreach efforts before the building's delivery to ensure a successful lease-up. - Clarification about the contingency on hitting leasing schedule metrics and potential repercussions if not achieved. 01:06:10 🧾 *Proposed Protocol for Audit Presentations* - Gran ker proposes a resolution formalizing the process of external auditors presenting draft and final audit reports. - The resolution aims to assure objectivity in audit reports and establish best practices for presentation. - Discussion on the historical practices of audit presentations, including changes over the years and the need for an unbiased presentation. 01:10:21 📈 *History and Evolution of Audit Presentation Practices* - Overview of the historical evolution of how audit reports were presented to the committee and the full commission. - Discussion about attempts to involve the full commission in audit presentations and the challenges faced. - Explanation of the intent behind the proposed resolution to ensure broader commission participation and public presentation of audit highlights. 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We know that the Department of Health and Human Services do not offer benefits for people that don't have children unless you are mentally disabled they never considered people that do go through post-pandemic stresses or financial hardship that has nothing to do with being mentally disabled even post-pandemic stress has caused a lot of mental disabled and an emotional stress
It's not right that the rent is so expensive why should we work just to live the end of the month your whole paycheck is only paying for rent we only work to pay rent that's not right what about the food on our table.
At hoc partnership with Housing Partnership Solutions. Have an event with property owners that want to help the people. Have an event with property owners that see eye-to-eye if you have over 50 units ain't no way you paying $2,000 a month for effiecy or 1 bedroom
I can't wait for Hoc to speak with the council speak with Marc Elrich let them know that you know rent stabilization increasing of rent that shouldn't be the cost of living is way too expensive and we have too many people in poverty.
Holc I commend you for all the work that you have done you are a wonderful organization in addition to Montgomery County and I hope one day we can have a partnership event where we have apartment owners meet with the public and the people and offer them the opportunity run day credit speak with them to see what we can do to approve person to live out of poverty
I just wanted to say that you know I'm a community advocate that has been stressed out mentally and also going through a spiritual warfare there are certain things that happen to apartment buildings like infiltration from the streets we have to get safety into our community
What I do recommend though if any property in the state of Maryland I'm just going to say Montgomery County since we got all these fancy buildings if you have more than 50 units then you should offer the mpdu program especially with so many undocumented citizen Action Agency what about us I'm an American citizen standing up for undocumented people with no name that's a public safety concern
I hope I'm approved for my hoc grant only thing that I can do is pray and give it to the Lord. I'm treated so unfairly in Montgomery County Maryland but me and being denied benefits that I qualify for my child support check being stolen my son being abused by the county I'm a post-pandemic victim of covid-19 are love my people I love my County it's not fair when you qualify for benefits and you don't get it because someone else is using your identity
I'm working on getting back into FSS so I can proceed forward with the college that I was attending Asworth college for a certification program in the sterile processing. I have a tuition fee but I need to coordinate with Fss case manager with a question that I have to ask about.
Hello MCHOC, I missed you earlier dur to an appointment, but better later than never. May you all be blessed. I still would like to talk to someone about may 2020 and 2021 matter of importance.
You need to investigate Edgewood Management Company, during the pandemic I was told to Downsizing, that was 10/20. On June 23rd 2021, I was told by Ms. Bawiec and Mrs. Crawford that my rent for those months was miss calculated by Edgewood Management Company staff and I had to pay the difference or be terminated. I have been asking for a meeting about this with Mrs. Hodge a d still have not been given my chance to confront the abuse and threats that I endured by the Edgewood Management Company Ms. Bawiec and Ms. Davis. When will I get my appeal hearing?
And some people have been paying their rent and due to mismanagement of the property Management system have been put in debt that they have not even created. Feel free to talk to Mrs. Hodge about my case. I am still waiting for her file report.
HOC needs to be involved in the negotiations with the property manager and the residents. Edgewood Management Company has missed used their authority in Management. I had to call HUD to file my complaint. I am a retired County worker on disability and over 60 years of age. Again I was threatened of termination of my Housing by Edgewood Management Company staff. This has had a great impact on my mental health and wellbeing. HOC and Landlord and Tenant need to be very involved.
Estuvieron muy atentos a las autoridades y a las fuerzas de superación en la parte de las comunidad del college para todos en superación, muchas gracias.
HOC need to dismantle the contract use of third party property Management companies, like Edgewood Management company. They have serious problems. Some may be illegal. I suggest that the Housing Authority do an investigation like ASAP.
What a great video on Fatherhood Kevin! Thanks for sharing your success story with us and how beneficial the class was with your relationship with your son! Please post more videos:)
