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Agenda Item
3.43 25-0033 Subject: Affordable Housing Funding Programs-Advance Funding Authorizations
From: Housing And Community Development Department
Recommendation: Adopt A Resolution To Allocate Funds From Measure U Housing Bond And Other Non-Bond Funds In A Total Amount Not To Exceed $113,400,039 To Fund New Construction Of Multifamily Rental Affordable Housing Projects, Homekey And Rapid Response Homeless Housing, Acquisition And Conversion To Affordable Housing And Rehabilitation Of The Existing Affordable Housing, And Authorizing The City Administrator To Make Development Loans Under The New Construction Of Multifamily Rental Affordable Housing Program, Rapid Response Homeless Housing, Acquisition And Conversion To Affordable Housing And Rehabilitation Of The Existing Affordable Housing Without Returning To Council, Contingent On Funding Availability