Report To The Utah Legislature - A Performance Audit Of The Division Of Housing And Community Development - 2012 Page 13
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33the amounts of state and federal funds provided to HCD over the last
Over the last four
four fiscal years.
years, 82 percent of
HCD’s funding comes
from the federal
government.
Figure 1.1 The Majority of Funding for HCD Programs Comes from
the Federal Government. 11 percent of the funding in fiscal year 2011
were state matching funds.
Funding
Source
FY 2008
FY 2009
FY 2010
FY 2011
State
$12,061,600 $24,313,300
$8,497,100
$8,785,800
Federal
36,722,200
50,572,400
87,072,600
70,207,400
TOTAL
$48,783,800 $74,885,700 $95,569,700 $78,993,200
Source: Office of the Legislative Fiscal Analyst
Figure 1.1 shows that the majority of the funding for HCD’s activities
comes from the federal government. In the last five years, anywhere
from 68 to 91 percent of the division’s funding came from federal
sources, with the high of 91 percent coming in fiscal year 2010. In
fiscal years 2010 and 2011, federal support increased across the board,
the majority from the American Recovery and Reinvestment Act.
By making loans instead of grants with the majority of the funds,
HCD has been able to reinvest the proceeds. This reinvestment has
Because HCD loans
funds instead of
increased the division’s ability to provide low-income housing even
granting them, they
during the recession. By leveraging funding through its loan
have been able to
programs and required contributions by private and other participants,
reuse the money.
HCD has been able to extend the usefulness of its allotted funds.
HCD Is Currently Located
Within DCC
HCD and all its programs currently operate under the Department
of Community and Culture. In December 2011, the Governor
announced his intention to move HCD from DCC to the Department
of Workforce Services, and reorganize DCC. This move is dependent
on legislative action during the 2012 Legislative Session.
Office of the Utah Legislative Auditor General
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