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City planners outline Housing Trust Fund; commission backs raising small‑project inclusionary threshold
Summary
City staff explained a proposed Housing Trust Fund charter amendment that would set a dedicated general‑fund allocation for affordable housing; the commission also recommended an ordinance moving the inclusionary requirement threshold from five to 10 units as part of the package. Small‑builder groups strongly supported the change.
City planning staff and the Mayor's Office of Housing presented an informational briefing on Aug. 16 describing the proposed Housing Trust Fund — a charter amendment and accompanying legislation to create a dedicated, growing allocation for affordable housing.
Dan Adams of the Mayor's Office outlined the fund's structure and rationale: initial general‑fund allocations of approximately $20 million in year one, growing in later years tied to increases in general‑fund revenue and anticipated revenue streams including…
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