Council notes and files FY24–25 low- and moderate-income housing asset fund report

Summary

The Glendale City Council voted to note and file the fiscal year 2024–25 Low and Moderate Income Housing Asset Fund annual report, complying with California Health and Safety Code 34176.1(f); staff noted the required tests showing the types of units that benefited and said the report is posted on the city website.

The Glendale City Council on Dec. 16 moved to note and file the fiscal year 2024–25 Low and Moderate Income Housing Asset Fund annual report in accordance with California Health and Safety Code 34176.1(f).

City staff said state law requires jurisdictions to report annually on deposits and expenditures to the low- and moderate-income housing asset fund and summarized that the report includes the required tests showing the type of units that benefited from the fund. The manager noted the report and supporting materials have been posted to the city’s website. Housing coordinator Pam Jackson confirmed the report had been previously briefed to council and did not present the item in full at the meeting.

Councilmembers indicated they were comfortable moving the item without a full staff presentation; a motion and second were made and the clerk conducted a roll-call vote. Each member present voted yes and the motion passed.

Action and next steps: the report is filed as required by statute and remains available on the city website for public review.