DEPARTMENT: Department of Planning and Community Development
DEPARTMENT HEAD: Bridgett White
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Briefing and discussion on potential sources of funding for affordable housing
SUMMARY:
This item will include a staff briefing and Subcommittee discussion on potential sources of ongoing funding for the creation and preservation of affordable housing.
BACKGROUND INFORMATION:
On October 27, 2015 the Housing Commission to Protect and Preserve Dynamic and Diverse Neighborhoods established the Housing Bond and Funding Subcommittee in order to discuss relevant items on the Commission's FY 2016 Work Plan and to develop recommendations to bring back to the Commission for possible action. The Subcommittee has been tasked with addressing the following recommendations from the Mayor's Task Force Final Report, adopted by City Council in May 2015:
* Develop a Plan and Timeline for the Issuance of a Housing Bond for the Rehabilitation, Preservation, and Creation of Workforce/Affordable Housing
* Identify Ongoing Sources of Funds to be Utilized by the San Antonio Housing Trust and Nonprofit Housing Providers for the Rehabilitation, Preservation, and Creation of Workforce & Affordable Housing
The Subcommittee includes the following seven (7) members from the Housing Commission: Jennifer Gonzalez (Chair), Gil Piette (Vice Chair), Debra Guerrero, Jackie Gorman, Richard Milk, Rod Radle, and Mu Son Chi.
ISSUE:
The Mayor's Task Force Final Report recommends that the Housing Commission identify ongoing sources of funds for the rehabilitation, preservation, and creation of workforce/affordable housing. Staff will provide an initial briefing on best practices in affordable housing funding, followed by Subcommittee discussion.
ALTERNATIVES:
This item is for briefing purposes only.
FISCAL IMPACT:
This item is for briefing purposes only.
RECOMMENDATION:
This item includes a staff briefing and Subcommittee discussion ...
Click here for full text