HUD Suspension Clouds VIHFA as Hiring Freeze Continues, 63 Employees Rely on Federal Funds and HOME Program Hits Housing-Cost Wall

The V.I. Housing Finance Authority’s proposed $24.45 million fiscal year 2027 budget depends on approximately $18 million in federal reimbursements, while 63 of its 111 employees are federally funded, leaving lawmakers focused Tuesday on how the Department of Housing and Urban Development’s suspension could affect staffing, projects and the agency’s broader operations. Housing Finance Authority officials, however, declined to discuss the suspension in detail during their appearance before the Committee on Budget, Appropriations and Finance, citing legal advice. Interim Executive Director Valdez Shelford opened the discussion by saying the authority had been advised not to comment on the matter during the hearing. Instead, Shelford said HFA “takes these matters with the utmost seriousness and remains fully committed to implementing corrective actions, strengthening internal controls, and ensuring the responsible stewardship of public funds.” That limitation did not prevent senators ...