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Committee forwards ordinance reallocating $16.3M in Prop C interest to homelessness prevention and temporary shelter
Summary
The committee voted 3–0 to forward an ordinance reallocating about $16.3 million in earned interest from the Our City Our Home (Prop C) fund to allow spending on transitional‑age youth and family housing, temporary adult shelter, and to temporarily suspend funding limits on short‑term rental subsidies.
The Budget and Appropriations Committee on July 12 unanimously forwarded to the full Board an ordinance that would reallocate approximately $16,300,000 in earned interest from the Our City Our Home (Prop C) homelessness fund to broaden allowable uses for homelessness prevention and shelter services.
According to the ordinance read into the record, the reallocation would…
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