DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Briefing on the City's Affordable Housing Business Plan progress for the first quarter of Fiscal Year 2019.
SUMMARY:
Briefing on the progress regarding the implementation of the City's Affordable Housing Business Plan.
BACKGROUND INFORMATION:
The FY 2019 Adopted Budget includes $25 million for Affordable Housing initiatives including $17 million in new funding. The $25 million budget includes $11.7 million for housing preservation and repair, $3.2 million for homebuyer assistance, $1.4 million to develop a coordinated housing system, $7.7 million for gap financing, and a $1 million risk mitigation fund. In November, the City received a $1 million private sector donation for additional funding for our Under 1 Roof program.
ISSUE:
Below is a table that summarizes the implementation status for the 10 housing-related activities that are included in the FY 2019 Affordable Housing Business Plan. Following the table are summary paragraphs that provide updates on each activity.
Activity
1st Quarter Status
Consolidate City Housing Staff into the Neighborhood and Housing Services Department (NHSD)
Completed
Affordable Housing Coordination across all Housing Entities
On Schedule
Reconstitute the Housing Commission
On Schedule
LISC Support Contract Execution
Completed
Under 1 Roof Program Delivery
Ahead of Schedule
Owner Occupied Rehab Program Delivery
Behind Schedule
61 of 62 Clients Qualified
Homebuyer Assistance & Counseling Programs
Behind Schedule
25 of 37 Clients Completed
Housing Trust & PFC Strategic Plan Development
On Schedule
Gap Financing awards for new Affordable Rental and Homeownership Development Projects
On Schedule
Develop a Risk Mitigation Fund Policy
On Schedule
Consolidate staff
* Housing related services that were administered by the Office of EastPoint and the Department of Human Services were...
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