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Alameda County approves $150 million Flexible Housing Subsidy Pool to expand rental assistance
Summary
The Board approved a five-year Flexible Housing Subsidy Pool to consolidate rental assistance across funding streams, authorize up to $150 million (not-to-exceed) in contracts with delegated authority for annual allocations, and require quarterly reports; Abode Services will operate the pool under a competitive procurement.
Alameda County supervisors on Sept. 9 approved a five-year Flexible Housing Subsidy Pool designed to consolidate rental assistance and landlord-engagement functions across multiple funding streams to speed placements and increase housing stability.
County staff and Abode Services described the Flex Pool as a centralized mechanism to scale rental assistance from about 1,000 households today to a target of 1,600 by year five. The board authorized a contract authority not to exceed $150,000,000 over five years with approximately $35,000,000 available per year, quarterly reporting to the board,…
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