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Committee forwards Affordable Housing Trust Fund ordinance after public support and finance questions
Summary
The committee voted to forward an ordinance that establishes a dedicated funding stream for the Affordable Housing Trust Fund after a public witness urged fidelity to the law's 30% set‑aside for households at or below 30% AMI and council members probed whether debt would be used instead of surplus dollars.
The Finance and Economic Development Standing Committee on Feb. 23 voted to forward Ordinance 20 26 045 to the full City Council with a recommendation to approve. The ordinance would repeal and amend city code to create a dedicated revenue stream for the Affordable Housing Trust Fund.
Pastor Derek Star Redwine of First Presbyterian Church, who identified himself as co‑president of the nonprofit RISC and a resident of the 4th District, urged the…
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