1982 Reading Housing Authority Annual Report

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READING HOUSING AUTHORITY ANNUAL REPORT - 1982 (W Following is a report of the management activities of the Reading Authority for the year 1982. The Reading Housing Authority consists of a five - member Board, four e by the Town and one State - Appointed member. They meet on the second Monday each month, with the Annual Meeting in April. The Board is currently compo . of the following members: Chairman Richard S. Dempster 633 Summer Avenue Vice - Chairman Frank J. Johnson, Jr. 15 Pratt Street Treasurer William F. Rand, Jr. 104 Belmont Street Asst. Treasurer Leonard F. Westra 11 Copeland Avenue Asst. Secretary Philip R. White, Jr. 97 Prospect Street Term Expires 1984 Term Expires 1986 Re- appointment due May 1986 Term Expires 1983 Tern Expires 1985 At the Annual Meeting in April bf-1982, the above members were elected to heir respective positions on the Board. Mrs. Pierce was re- appointed Executive hector and therefore Secretary of the Authority, in accordance with the By-Laws. Currently under the jurisdiction of the Housing Authority is an 80 -unit Housing for the Elderly Project, #667 -C, at Frank D. Tanner Drive which was completed in 1970 and is funded through�the Commonwealth of Massachusetts. To be eligible, a person must be 65 years of age or older, or in the case of a couple, one party must be at least 65. Also, the net income limit for a singl person is $12,180 and for a couple it is $13,920. The asset limit is $15,000. The Authority also provides rental assistance with federal funds through the HUD Section 8 Program to 36 families and 24 elderly in scattered apartments,, throughout the Town. This Program has been in effect since 1975 and the Authority, received five additional allocations in 1982 to assist those on the waiting list. The, ,Aathor tar AUp, participates in the Section 8 Mobility Program with 75 other' communities, whereby each honors the certificate of another through a reciprocal arrangement, giving an applicant more flexibility in finding suitable housing. In order to be eligible for this Program, the gross annual incomes of families cannot exceed the following: One Person Two Persons Three Persons Four Persons Five Persons Six P $15,250 $17,400 $19,550 $ 21, 750 $ 23,100 $ 24, There is no asset limit for this Program, but the interest on any savin must be added to the income of a participant, and that figure cannot exceed the ncome level requirement. Financial statements showing the assets and liabili f each of the above named Programs are available for inspection at the Housing Authority office.