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Council confirms Housing Trust Fund framework; advocates press to fully fund 2% as revenues rise
Summary
The Housing Trust Fund Advisory Committee presented a compromise budget and the council and speakers reaffirmed that the charter-mandated 2% of the general fund will be honored once amended revenues are recognized; advocates asked the council to ensure the full 2% is delivered and to prioritize small multifamily projects, fortified roofs and weatherization.
The council took up the Housing Trust Fund Advisory Committee’s recommendations and discussed how the charter-mandated 2% of the general fund will be applied given the council’s amended revenue total.
Maxwell Ciardullo, co-chair of the advisory board, described a compromise that increased the small multifamily affordable rental program allocation from the council’s lower…
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