Albany Housing Authority to face budget shortfall in 2004 - WALB.com, Albany News, Weather, Sports

Albany Housing Authority to face budget shortfall in 2004

February 17, 2003

Albany -- In tough economic times more people are relying on housing assistance. And the Albany Housing Authority is predicting a 20 percent budget shortfall next year. The agency, which helps the low income with housing and to pay rent, is anticipating a 200-thousand dollar shortage for 2004.

Congress' new budget will fully fund the Housing Authority for this year. So the agency is trying to plan ahead for next year's shortfall now.

 Albany Housing Authority Executive Director Dan McCarthy said "We can either dip into our reserves, which gets risky. But we can possibly do that. Or we can start reducing some of our services we provide. Maintenance and other areas."

The Albany Housing Authority is home to 28-hundred people in one thousand and 7 units. There is a waiting list of over 400 families looking for the price controlled housing.

posted at 4:49 by jimw@walb.com