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Committee continues ordinance to create Affordable Housing Production and Preservation Fund
Summary
The committee continued an ordinance to amend the Administrative Code to establish an Affordable Housing Production and Preservation Fund for land acquisition and preservation of affordable housing; public comment was brief and the continuation was approved for the next full committee meeting.
The Budget and Finance Committee briefly considered an ordinance to amend the Administrative Code to establish an Affordable Housing Production and Preservation Fund to receive and use excess revenue augmentation funds for land acquisition, production and preservation of permanently affordable housing.
The clerk introduced the item and the committee opened public comment; one speaker discussed city pipe condition and capital costs unrelated to the ordinance. Given other committee business, Chair Sandra Lee Feuer moved to continue the ordinance to the next full Budget and Finance Committee meeting; the motion was seconded and taken without objection.
Because the item was continued, no ordinance text was adopted at this hearing. The continuation preserves the item for the next committee meeting, where the committee may take public testimony again and consider amendments or adoption.
