Agenda Item Name:
Title
Alachua County Affordable Housing Trust Fund
End
Presenter:
Claudia Tuck (352) 213-0058; Stephen Weeks (352) 514-0328
Description:
Affordable Housing Trust Fund Use Options for Consideration
Recommended Action:
Recommended Action
Approve staff recommendations on Affordable Housing Trust Fund Use Options
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Prior Board Motions:
5/25/2021- BoCC adopted Ordinance
Fiscal Consideration:
Fiscal Consideration
None
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Strategic Guide:
Housing
Background:
The Alachua County Charter Review Commission proposed an amendment to establish the Affordable Housing Trust Fund in order to create and sustain affordable housing. Voters approved the amendment which was placed on the November 2020 General Election Ballot.
On 5/25/2021, the BoCC adopted the ordinance establishing the Alachua County Affordable Housing Trust Fund. Community Support Services, Housing Program will administer the trust. The Affordable Housing Trust will fund the creation and sustainability of affordable housing including development and provision, expansion of housing, elimination of substandard housing, direct financial and technical assistance, eligible operating expenditures, and other uses.
The annual budget allocation is tentatively set at $250,000 annually for 4 years derived from General Revenue to fund proposed housing options:
.