HUD No. 14-023
June 10, 2014
HUD RETURNS HOUSING AUTHORITY OF VIRGIN ISLANDS TO LOCAL CONTROL
WASHINGTON – After more than 10 years, the U.S. Department of Housing and Urban Development (HUD) returned the Virgin Islands Housing Authority (VIHA) to local control from federal receivership effective May 30, 2014. HUD took possession of VIHA in August of 2003 for substantial default of the agency's obligation set forth in the Annual Contributions Contract (ACC).
HUD, the U.S. Virgin Islands Government and VIHA created a Transition and Oversight Agreement and Plan for a period of two years to establish the terms by which VIHA's assets, projects, and programs will be transferred from HUD to a locally appointed Board of Commissioners.
"Today is a significant milestone for Virgin Islanders as the Housing Authority of The U.S. Virgin Islands begins transitioning back to local control from HUD," said Sandra Henriquez, HUD Assistant Secretary for Public and Indian Housing. "Now is the right time for the agency. VIHA has a strong operational foundation."
Kimberly Wize, appointed by Secretary Donovan to serve as the administrative receiver, led the turnaround efforts. She brought more than 20 years of experience as an expert on development activities and troubled housing authorities. Wize joined HUD in 2008 as a senior program advisor for HUD's Headquarters Office of Field Operations. Prior to HUD Wize was the chief operations officer of the Indianapolis Housing Agency and was the executive director of the Indiana Housing Finance Agency (renamed The Indiana Housing & Community Development Authority), after holding other key senior level positions within the agency.
HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov. You can also follow HUD on Twitter at @HUDgov or on Facebook at www.facebook.com/HUD, or sign up for news alerts on HUD's News Listserv.