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Staff says housing trust fund revenues are limited by ordinance; local voucher and eviction‑prevention programs rely on transfers
Summary
City housing staff briefed council on the housing trust fund's revenue mix (general fund transfers, density bonus fee‑in‑lieu, interest) and on program uses including local housing vouchers and displacement prevention; several fee‑in‑lieu buckets are governed by ordinances that restrict spending to particular project types or geographies.
Deputy Director Mandy DeMaio briefed the council during the Nov. 19 special meeting on the housing trust fund's structure, long‑standing revenue sources, and how dollars are currently used.
DeMaio said the trust fund has three primary revenue sources: the annual general‑fund transfer, density‑bonus fee‑in‑lieu collections, and interest or miscellaneous revenue. "The general fund transfer has historically been the largest source, ranging in recent years around $9.7 million to $10.8 million," DeMaio said. She noted the fund was seeded about 25 years ago and that the city tracks projected…
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