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Commission staff proposes posting NOFA that could allocate roughly $68,568 from housing trust
Summary
City staff told the Affordable Housing Commission the trust balance is a little over $72,000 and, after a 5% administration withholding, a competitive award could total $68,568.15; commissioners asked staff to draft resolution language and a NOFA for council review.
City staff presented a proposed Notice of Funding Availability (NOFA) tied to the city’s housing trust fund and recommended the commission consider recommending a full competitive award equal to most of the current balance.
Leanne, the planning staff presenter, said the trust currently holds "a little over $72,000" and that "bringing a potential award to, $68,568.15" would reflect a typical 5% administrative withholding. She said those figures could vary slightly because interest is accruing on the account. Commissioners asked staff to prepare a NOFA and a draft resolution amendment for the commission to review before sending any request to city council.
