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Council members press for housing preservation priority, propose 30% HPTF set‑aside and faster fixes to HPAP lottery system
Summary
Committee members debated a shift in policy for the Housing Production Trust Fund to require at least 30% of HPTF dollars for preservation, while also raising concerns about rapid rehousing overspending and the HPAP lottery approach that has made home‑buying assistance unpredictable.
Council members spent a substantial portion of the session on housing finance and program performance, pressing the city to protect existing affordable units while still supporting new production.
A proposal from the Committee on Housing calls for a 30% minimum set‑aside of the Housing Production Trust Fund (HPTF) to go to preservation projects. Supporters argued preservation is faster and less expensive per unit than new construction and said the city is losing naturally affordable housing faster than it can be built. Committee members cited data that multifamily permitting and new…
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