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Committee repurposes prior-year housing funds to support homebuilding and down-payment assistance
Summary
Council approved ordinance 2026-0065 to reallocate FY23/24 funds toward single-family construction financing ($1.5M) and $500,000 for down-payment assistance tied to a 10-home build; staff said the reallocation aims to accelerate spending before fiscal deadlines and to meet statutory set-asides.
The Neighborhoods committee on Feb. 17 approved ordinance 2026-0065 to revise exhibit attachments and repurpose prior-year SHIP (housing) funds for single-family development and down-payment assistance. The committee recorded a 7-0 vote in favor.
Administration staff said the amendment corrects project codes and reattaches a revised 2023–24 budget. Mr. Jeffrey (housing staff) told the…
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