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Council agenda includes multiple affordable-housing funding items: HOME dollars, HUD plan, home sales and fee waivers

3654590 · May 2, 2025
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Summary

City staff listed multiple affordable-housing items on the May 6 agenda including HUD planning and HOME-program funding, sale of single-family homes for affordable housing, and fee-waiver policy for projects using low-income housing tax credits.

City staff listed multiple affordable-housing items on the May 6 agenda including HUD planning and HOME-program funding, sale of single-family homes for affordable housing, and fee-waiver policy for projects using low-income housing tax credits.

On the draft agenda staff identified approval of the 2025–26 HUD annual action plan and two HOME-funding entries: $420,000 to support construction of 42 units and $680,000 to support construction of 68 units. Staff also listed the sale of 47 single-family homes to support affordable housing and a policy item to waive Metropolitan Area Building & Construction Department (MABCD) fees for affordable housing projects that use the low-income housing tax credit program (two projects were on the Tuesday agenda). Staff said the fee waiver would make such projects more competitive in the tax-credit application process by adding points to their applications.

Additionally, agenda materials showed 16 public-housing-authority houses slated for sale at fair market value or above. Staff listed a separate surplus-property sale for $40,000 on the agenda as well.

The transcript records the items as agenda listings; no formal motions or council votes were recorded in the agenda-review discussion. Staff said it does not yet know whether the two fee-waiver applicants will receive tax credits; the waiver policy would only apply if they ultimately receive credits. The transcript does not include implementation schedules, developer names, or final funding agreements.