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2 <br />FINANCIAL IMPACT: Funding for rental subsidies for the Section 8 Housing Choice Voucher <br />Program is provided by the U.S. Department of Housing and Urban Development. The current <br />annual budget for these subsidies is approximately $4,110,972. Funding for the Section 8 <br />Program has not increased over the last three years, however, it is anticipated that new funding <br />opportunities may be made available by HUD this year. <br />RECOMMENDATION (S): The Manager recommends that the Board conduct a public hearing <br />and approve submission of the Annual Public Housing Agency (PHA) Plan for the Orange <br />County Housing Authority and authorize the Chair to sign the .Certification of Compliance/Board <br />Resolution on behalf of the Board. <br />