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Council approves transferring $194,000 into Rochester Housing Stability Fund Corporation books
Summary
Council passed an item to authorize a shared services and grant agreement and amend the 2024–25 budget to move $194,000 into the Rochester Housing Stability Fund Corporation, formalizing previously allocated funds and establishing the corporation's initial budget and reporting schedule.
Council members approved introductory number 2, authorizing a shared services and grant agreement and amending the 2024–25 budget to place $194,000 into the Rochester Housing Stability Fund Corporation, the entity the council identified as the official housing trust fund.
Council Member Gruber asked for a full scope and the practical effect of the action. Staff explained that…
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