RDA discusses using city affordable-housing funds and unrestricted RDA funds but makes no commitment
RDA members discussed whether to split payments between the city's affordable-housing funds (from TID 6 closure) and the RDA's unrestricted funds, but deferred any formal reallocation pending further review and possible related agenda items.
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RDA staff asked whether members wished to consider using city affordable‑housing funds — including funds that became available when TID 6 closed — to reduce the pressure on the RDA's unrestricted fund balance. Staff explained the city has an allocation available that could be dedicated to affordable-housing uses and that such a reallocation would reduce the city's general‑tax-levy obligation toward the RDA's payment.
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