"Right now. It's tough making payroll here," said Interim Executive Director Marcia Lewis."We owe $1,081,000 in payables to various vendors and contractors.”In 2021, it brought in $11 million but lost $82 million in operating expenses.“So basically, when residents ask me ‘how did we get here?’ The simple answer is the agency overspent money, year after year?" asked WRTV's Rachael Wilkerson.
A section of the audit breaks down how the agency"did not comply with requirements" regarding the Housing Voucher Cluster. “It’s no different than anybody's personal checkbook,” Lewis said. “If you pay out more than you bring in, eventually you will be in the hole. And that's what's happened here.”It would leave the housing agency responsible for Barton towers, Barton Annex and Concord.
If that happens residents will not be displaced, according to Lewis. Rent will still be for low-income residents. Management is the only thing that changes.
Time to cut expenses it seems. I imagine there are a number of bloated positions sucking up dollars that aren't necessarily needed. That's what a normal company/family would have to do. Tightening of the belt.