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HOF reports 2024 spending concentrated on rental programs; $650,000 identified for demo dollars
Summary
URA staff presented 2024 expenditures and noted that $350,000 of demonstration funds remain unspent from 2024 plus a $300,000 2025 allocation, creating a $650,000 pool. Most 2024 spending was on rental gap and stabilization programs.
URA staff presented the Housing Opportunity Fund's year-end activity and current balances on Jan. 7, showing that 2024 spending concentrated on renter-focused programs and that roughly $650,000 is available for demonstration-dollar planning across years.
Eric (URA staff) and other staff reported 2024 program expenditures and noted that some dollars showing…
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