By MICHAEL CRIMMINS
Glasgow News 1
Board members reviewed and acknowledged the Housing Authority of Glasgow’s clean audit during their monthly meeting on Oct. 15.
The audit, which was completed by Lane and Company in Mount Sterling, investigated the authority’s financials ending Dec. 31, 2024. The audit found no material weaknesses in internal controls and marked them as a low-risk auditee, which means the authority has received clean audits for at least the past two audit periods.
“We got a very clean audit report, we are considered a low-risk auditee and we had no findings,” Executive Operations Officer Sheri Lee said.
Board members also approved the 2026 flat rents and the 2026 Housing Choice Voucher Program Payment Standards. Flat rents dictate the maximum amount of rent a person, or family, pays for a unit if they opt to use that method instead of an income-based rent calculation, which has no maximum cap.
“The flat rent is the maximum rent that resident would pay for the unit size they live in,” Lee said. “That allows a family to hang on to the difference of income they should’ve paid to either save it or bay some bills, or to get ahead.”
Payment standards dictate the maximum assistance with rent a person using a housing choice voucher can receive from the authority. Much like with the flat rent prices, the one, two and three bedroom units have decreased based on the Department of Housing and Urban Development fair marker rent calculations.
“The payment standard would be the most we can provide for rental assistance in the private sector,” Lee said. “anything else comes out of their pocket.”
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