Housing Authority

Montpelier Housing Authority Regular Meeting April 19, 2022 The meeting was called to order by Chairman Larson with Commissioner Hannon and Schultheis present, Commissioners Stevens-Favorite participated by telephone and Commissioner Zern was absent . Agenda Item II - Approval of Agenda The agenda was approved with no changes. Agenda Item III – Public Participation There was no public participation. Agenda Item IV- Approval of Minutes Commissioner Hannon moved that the minutes of the February 15, 2022 meeting be accepted as written, Commissioner Schultheis seconded the motion and it passed unanimously. Agenda Item V – Review of Vouchers, Bank Statements and Financial Reports Mrs. Troiano discussed the February financials and answered questions. The January financials were also provided to the Board. She noted we will finally be totally leased up by May 1st at Pioneer. Income is well ahead of budget due mostly to increased operating subsidy. As of May we have 118 vouchers under lease. We have three voucher holders searching for units. The vacancy rate in Montpelier is nearly 0%. Agenda Item VI- Executive Directors Report In addition to the written report, Mrs. Troiano informed the Board that she had received another e- mail from the attorney’s handling the PHADA lawsuit. They are reporting that funds have been transferred to the Judgement Fund and all plaintiffs should receive payment by Mid-May. Agenda Item VII- Discussion and Approval Five Year Olan for Non-Routine Maintenance The Five Year Plan was presented for discussion and questions were answered. Work item’s for FY23will become part of the FY2023 budget. After further discussion Commissioner Hannon moved that the Five Year Plan for Non-Routine Maintenance be adopted as written. Commissioner Schultheis seconded the motion and it passed unanimously. There being no further business the meeting was adjourned at 6:40pm. Respectfully submitted, Jo Ann Troiano, Secretary