AGENDA DATE: 4/20/2022
TITLE:
Title
Requests for Housing Fund Support
BODY
SUBJECT/PROPOSAL/REQUEST: Approval to award funding to affordable housing projects from the Housing Fund Reserve
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Walker, Hudson, Baumgartner, Dimock, Pethia
PRESENTER (S): Stacy Pethia, Housing Policy Manager
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: Between September and November 2021, the County solicited applications for funding through both the Agency Budget Review Team (ABRT) and American Rescue Plan Act (ARPA) processes. All ARPA applications were reviewed and rated by a team comprised of staff from various County departments. Application scores were then reviewed by the Department of Finance and Budget and the County Executive's Office, with funding recommendations being incorporated into the overall FY 2023 budget development process. Final decisions about funding are made by the Board of Supervisors with the adoption of the final budget.
Not all of the funding requests to support affordable housing projects are being recommended for funding, and some of these requests are being recommended for funding at a lower amount than requested. An available balance in the Housing Fund Reserve could be used to fill some of these gaps in project funding. Housing staff worked with a team of County staff to review all of the requests related to affordable housing projects and develop recommendations for additional funding. These recommendations are presented below.
One additional request for funding was received outside of either application process. This request was included in the staff review and is included in the following discussion.
STRATEGIC PLAN: Quality Government Operations - Ensure County government's capacity to provide high quality service that achieves community priorities.
DISCUSSION: A total of eight funding requests to support affordable housing projects were received...
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