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�,�� <br /> " . ~ <br /> 190 <br /> _-_ <br /> Section 8 Existing ' ' , <br /> Board Members <br /> OPTIONS TO---------THE COUNTY <br /> allow 1. Renew the contract which would a ow th e <br /> Housin" Authorit to <br /> ' continue to administer the ^rn°rams' <br /> ------� <br /> at lt ha� S years of program administration and assuming it <br /> will Review and take <br /> ^ <br /> ` ill comply with the findings of the Management ,= <br /> corrective action, a tighter program should result. <br /> b. All of the procedural errors have and HUD <br /> ^ h ve been resolved as result <br /> of meetings between the Authority un HUD. <br /> c. It has a plan for deficit reduction though the period over <br /> ^ which it would accomplish this is in excess of that which <br /> could be achieved if the County assumed the program. The <br /> cudited deficit is $27,595. If credit could be given for <br /> audited rents between 1976-1979 the remaining deficit <br /> �would be approximate�' S17,000 (Al Stevenson, the Authority wouector is to be credited for having held HUD's 5fatzenr`the <br /> Director � the �27 �9 figure,commitment). Assuming , " ' —_ <br /> to this past oo ` ' `'— --would eliminate the <br /> Authority's proposal deficit reduction v«ut e would take 12 month <br /> ~~~~-� amount is �l7�OO it wnu <br /> amount in 18 months; if the nmo greater the d. The more programs the Authority has the gre ' opportunity <br /> . ' <br /> ` exists fdr spreading costs of overhead, <br /> Disadvantages <br /> a. The County would continue to be removed from routine oversight. <br /> ' h Town of Chapel Hill as to bringing <br /> b. Recent discussion by the <br /> under the jurisdiction of the Town <br /> raises questions as to the co <br /> other Authority programs sntjnuity of the Authority as a <br /> separate entity able to contract with the Cou»ty'l audit which is information Th� Au�hority could not soon afford an annual zn <br /> c' <br /> one of the means for more readily available <br /> fiscal cnndit1ons' <br /> subcontract the ,roqram but administer it as <br /> 2. TU �oun� ov .""°~ _ - <br /> -------- <br /> a. The department has its own housing experti and experience <br /> of block grant <br /> ^ with HUD as evidenced in its administration» <br /> funds in Northern Fairview and its successful completion of two <br /> County <br /> HUDmoniturin�with no finding of deficienoy, it did <br /> originally subcontracted with the Authority because <br /> not have the capacity which now exists. <br /> b. Locating the programs in a larger organization means less <br /> ' cost of overhead to be charged to the programs. Budget <br />