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MOHCD outlines constrained AAO budget and pipeline priorities; supervisors press on CBO cuts, small-sites and rental-assistance deployment
Summary
MOHCD Director Eric Shaw and staff presented a two-year AAO budget and funding sources, noting most funding streams sit outside the AAO process; supervisors sought details on small-sites acquisitions, proposed CBO grant cuts and how roughly $26M in federal rental assistance will be used.
Eric Shaw, director of the Mayor—s Office of Housing and Community Development, presented MOHCD—s proposed two-year funding and described a FY2021 AAO budget of about $197 million overall with an AAO-proposed FY2021-22 AAO of approximately $126 million (the reduction reflects removal of one-time development agreement revenues).
Shaw and Deputy Director Benjamin McCloskey explained that about 60% of MOHCD—s resources do not flow through the AAO annual process (they are appropriated through bonds, accept-and-expends for federal/state grants and other mechanisms). McCloskey said the department expects increases for local operating subsidies as new units come online and for the housing trust fund per charter requirements.
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