Agenda Item Name:
Title
Affordable Housing Trust Fund Charter Amendment Discussion
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Presenter:
Missy Daniels, Claudia Tuck
Description:
To discuss the creation of the ordinance to implement the voter approved Affordable Housing Trust Fund Charter Amendment
Recommended Action:
Recommended Action
Provide input to staff on the funding sources, eligibility for funds and administration of the Affordable Housing Trust Fund
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Prior Board Motions:
The County Commission placed this item on the November 3rd general election ballot at the request and adoption of the proposed amendment by the Alachua County Charter Review Commission on June 10, 2020.
Fiscal Consideration:
Fiscal Consideration
Funding sources for Trust Fund can vary and can include General Fund
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Background:
On November 3rd the voters of Alachua County approved an amendment to the County Charter that requires the County to establish an Affordable Housing Trust Fund used to create and sustain affordable housing, which may be funded by fees from new commercial and residential development and other sources, all as directed by the County Commission, and to provide for the purposes, revenue sources, appropriation and expenditure of funds, annual audit, continuing nature, implementation by ordinance, and administration and oversight of the Trust Fund. The proposed amendment was adopted by the Charter Review Commission on June 10, 202 and forwarded to the County Commission for inclusion on the 2020 November ballot.
<https://housingtrustfundproject.org/wp-content/uploads/2020/01/County-htfund-revenue-sources-2020.pdf>
<https://housingtrustfundproject.org/wp-content/uploads/2020/05/City-htfund-revenue-sources-2020.pdf>