The Housing Authority of the City of Kokomo originated as a result of the U.S. Housing Act of 1937. The Kokomo City Council authorized the establishment of the Housing Authority and gave the mayor authorization to appoint a board to oversee operations of Public Housing. A Board of Commissioners consisting of seven (7) members is appointed by the mayor, each appointment is for a term of four (4) years.
Purpose
To provide affordable housing for low-income families who are unable to obtain such housing through private rental.
Funding
Kokomo Housing Authority is federally funded through the Department of Housing and Urban Development. An operating budget is submitted annually and HUD subsidizes a portion of the operating expenses in excess of KHA’s income (or a percentage of the amount requested). The Housing Authority receives no city funding. KHA can boast excellent financial management ratings, showing wise investments and conservative spending.
Pilot
Kokomo Housing Authority is tax exempt, however a Payment In Lieu Of Taxes (PILOT) is made to the City of Kokomo annually. KHA contracts with the City of Kokomo to provide additional police protection in an attempt to maintain a safe living environment for its families.
Management
The Kokomo Housing Authority has been recognized by HUD officials as being one of the best housing authorities in the state and has been commended on numerous occasions for excellent management in all areas – financial, maintenance and occupancy.
Housing Choice Voucher
The Housing Choice Voucher (Section 8) Existing Housing Program was added to KHA operations in 1977. This program subsidizes privately-owned affordable housing for eligible applicants. Tenants pay 30% of income and KHA subsidizes the difference, up to the fair market rent amount, to the landlord.
PROVIDING HOUSING - TRANSFORMING LIVES 