HUD Annual and 5 Year Plan For Fiscal Year Ending March 31, 2017
On October 21, 1998, Congress passed the Quality Housing and Work Responsibility Act (QHWRA), which among other key reforms, requires a housing authority to submit an Annual Plan every year and a Five Year Plan every five years to the U.S. Department of Housing and Urban Development (HUD) on how they run all their federal programs. The Five-Year “Agency Plan” is a strategic planning document for the public housing and Housing Choice Voucher (HCV) programs that identifies the Housing Authority’s goals for the next five years.
The Annual Plan describes the Housing Authority’s administration of both programs, describes the planned uses of the Housing Authority’s financial resources, long term goals and proposed new policies. The Annual Plan must be updated each year.