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Staff reports CDBG/HOME schedule, landlord pilot and local option sales tax revenue for affordable housing
Summary
City staff told the commission it will resume a normal funding schedule for CDBG/HOME with application windows opening in December, warned awards may be subject to federal continuing resolutions, announced a landlord incentive pilot ($1,000/$2,000 payments) and estimated local option sales tax could yield about $3.5 million/year for affordable housing.
At the end of the Housing Trust Fund presentation, city staff gave a series of updates to the commission. Staff said the commission will return to a typical funding schedule with two application opportunities opening in December and application deadlines in January for non-legacy aid and CDBG competitive funding for FY27; staff cautioned that any awards could be subject to change due to…
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