During a recent government meeting, significant updates were shared regarding community needs and affordable housing initiatives. The English version of the community needs assessment has been published on the official website, with translations pending before a news release is distributed.
The policy task force has drafted a code of conduct and proposed minor revisions to existing bylaws, which will be reviewed and potentially approved in the upcoming discussions.
Samantha Whitley from the City of Vancouver provided an update on affordable housing and homelessness efforts. A new housing committee, comprising 20 community volunteers, has been established to evaluate applications for Community Development Block Grant (CDBG) and HOME funds. The application process for these funds will open on October 1st, aligning with the county's schedule.
Whitley highlighted that approximately $700,000 in HOME funds will be available for rental assistance and affordable housing construction, alongside an expected $1.3 million in CDBG funds. However, the city faces challenges with CDBG funding due to a $340,000 annual payment for a loan related to the Fourth Plank Commons purchase, which will limit the funds available for community partners.
The program year for CDBG and HOME aligns with the county's, running from July 1st to June 30th. The city has published its Consolidated Annual Performance Evaluation Report (CAPER), detailing the outcomes and funding spent over the past year, with a public hearing scheduled for September 16th.
Additionally, the city plans to accept applications for the affordable housing fund on a rolling basis starting next spring, aiming to streamline the funding process and better align with state funding requirements. This change is expected to facilitate local commitment to projects, enhancing the overall efficiency of funding distribution.