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The Concord Housing Authority approved a $943,124.60 Contract for Financial Assistance and a $389,000 contract for common back-door replacements. The board also approved an $11,839 flooring contract and agreed to support Community Preservation Committee funding for affordable housing.
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The approved funding and contracts support housing authority operations and property improvements. Because of a Section 8 funding shortfall, the board chose to wait until new Fair Market Rents are released in October before considering a reduction in payment standards. The authority is using other cost controls, including denying rent increases, maintaining a $50 minimum rent, and monitoring eligibility data.
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