REPORT TO THE CITY COUNCIL
FROM: JERRY DYER, Mayor
Office of Mayor & City Manager
BY: MATTHEW GRUNDY, Deputy Mayor
Office of Mayor & City Manager
KELLI FURTADO, Chief of Staff
Office of Mayor & City Manager
SUBJECT
Title
Actions related to the One Fresno Housing Strategy:
1. ***RESOLUTION - Approving funding for the Voucher Incentive Program (Subject to Mayor's Veto); and
2. Affirm the City Manager's finding that the Fresno Housing Authority is uniquely qualified to implement the Voucher Incentive Program; and
3. Approve a State and Local Fiscal Recovery Funds Agreement under the American Rescue Plan Act (ARPA) with Fresno Housing Authority for $1,000,000 to implement the Voucher Incentive Program
Body
RECOMMENDATION
Staff recommends approval of funding for the Voucher Incentive Program as recommended in the One Fresno Housing Strategy.
EXECUTIVE SUMMARY
On December 9, 2021, the City Council elected to use a portion of the City's State and Local Fiscal Recovery Funds (SLFRF) allocation under the American Rescue Plan Act (ARPA) to support the COVID-19 Public Health and Economic Response by addressing the impact on lower income households by using funds to help increase the supply of affordable housing and the creation of affordable housing, which is an eligible use of funds.
As part of the fiscal year 2023 budget planning cycle efforts, Mayor Dyer announced allocation of $40 million dollars of ARPA funding to support the execution of the One Fresno Housing Strategy (Housing Strategy). This was codified by City Council in its adoption of the Fiscal Year 2023 Budget on June 30, 2022.
The Voucher Incentive Program aims to assist up to 500 existing, low-income Housing Choice Voucher holders who are unable to lease-up and leverage existing vouchers. The program will be implemented by the Fresno Housing Authority, who is uniquely qualified to administer. The Voucher Incentive Program will establish signing incentives designed to attract both ...
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