REPORT TO THE CITY COUNCIL
FROM: JENNIFER CLARK, Director
Planning & Development Department
PHIL SKEI, Assistant Director
Planning & Development Department
BY: MAYRA MERINO, Senior Management Analyst
Planning & Development Department
SUBJECT
Title
***RESOLUTION - Adopting the 35th Amendment to the Annual Appropriation Resolution No. 2025-179 to appropriate $1,797,373 from the Local Housing Trust Fund Program for Fiscal Year 2025-2026 (Requires Five Affirmative Votes) (Subject to Mayor's Veto)
Body
RECOMMENDATION
Staff recommends that the City Council adopt the 35th Amendment to the Annual Appropriations Resolution (AAR) No. 2025-179 to appropriate $1,797,373 from the Local Housing Trust Fund Program for Fiscal Year 2025-2026, making the awarded funds available for use.
EXECUTIVE SUMMARY
On July 9, 2024, the California Department of Housing and Community Development (HCD) announced the availability of approximately $53 million statewide through the Local Housing Trust Fund Program to support the creation, rehabilitation, and preservation of affordable housing, traditional housing, and emergency shelters. The City of Fresno applied for and was awarded funding through this program. Adoption of the proposed amendment to the Annual Appropriations Resolution is necessary to appropriate the awarded funds to the City's Local Housing Trust Fund in the Planning & Development Department and authorize their expenditure.
BACKGROUND
The California Department of Housing and Community Development (HCD) Local Housing Trust Fund Program provides matching grants to established Local Housing Trust Funds that are dedicated to the creation, rehabilitation, or preservation of affordable housing, traditional housing, and emergency shelters. Grant awards are subject to funding availability and application scoring criteria.
On July 29, 2021, the City Council approved Resolution No. 2021-201, establishing the City of Fresno's Local Housing Trust Fund (LHTF). The re...
Click here for full text