Santa Rosa Housing Authority reports strong Q1 finances; impact fees, loan repayments and disaster funds noted

Kate Goldfein, administrative services officer for the Housing and Community Services Department, told the Santa Rosa City Housing Authority at its Dec. 16 meeting that the authority’s finances for the first quarter of fiscal year 2024–25 are “trending well in all categories.”

Goldfein said the authority had expended $8,800,000 in housing assistance payments so far in the fiscal year, averaging “over $2,900,000 per month across all our programs.” She told commissioners the authority shows $20,200,000 remaining in project funding but that “all of that funding is designated for specific projects and programs,” and that about $17,500,000 of that total is one-time state infill infrastructure grant (IIG) money pledged to named developments.

The quarterly briefing highlighted three financing items that staff said underlie the stronger position: higher-than-expected housing impact fee collections; unusually large, one-time loan repayments;…