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Council favors restoring $200,000 to affordable housing fund; staff to propose deployment options
Summary
Councilors expressed support for restoring a $200,000 allocation to the city’s affordable housing fund for FY2026 and asked staff to analyze how best to deploy the funds, including whether to use LIHTC set-asides, TIF or general fund.
During the Feb. 4 work session, councilors discussed the proposed FY2026 budget and advocated restoring a $200,000 line item to the city’s affordable housing fund. City staff agreed to return with options for how that money could be deployed.
Several councilors said affordable housing remains the city’s top priority and objected to reducing transfers into the city’s housing trust mechanisms. “If we are really going to talk about affordable housing and be bold, [it] would…
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