Title
a. Approve transferring $100,000 from the Board of Supervisors (District 5) discretionary funds to the Housing Community Development (“HCD”) Inclusionary Housing Fund and assign said funds for HCD Housing Pilot Projects located within the Fifth District;
b. Authorize and direct the Auditor-Controller to amend the Fiscal Year (FY) 2024-25 adopted budget for HCD, Fund 009, Appropriation Unit HCD003, Unit 8544 increasing appropriations by $100,000, financed by an operating transfer in of $100,000 from the General Fund 001, Board of Supervisors Appropriation Unit BOA001(4/5ths vote required); and
c. Authorize and direct the Auditor-Controller to transfer $100,000 in FY 2024-25 from the General Fund 001, Board of Supervisors Appropriation Unit BOA001 to HCD Inclusionary Housing, Fund 009, Appropriation Unit HCD003, Unit 8544. (4/5ths vote required).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve transferring $100,000 from the Board of Supervisors (District 5) discretionary funds to the Housing Community Development (“HCD”) Inclusionary Housing Fund and assign said funds for HCD Housing Pilot Projects located within the Fifth District;
b. Authorize and direct the Auditor-Controller to amend the Fiscal Year (FY) 2024-25 adopted budget for HCD, Fund 009, Appropriation Unit HCD003, Unit 8544 increasing appropriations by $100,000, financed by an operating transfer in of $100,000 from the General Fund 001, Board of Supervisors Appropriation Unit BOA001(4/5ths vote required); and
c. Authorize and direct the Auditor-Controller to transfer $100,000 in FY 2024-25 from the General Fund 001, Board of Supervisors Appropriation Unit BOA001 to HCD Inclusionary Housing, Fund 009, Appropriation Unit HCD003, Unit 8544 (4/5ths vote required).
SUMMARY/DISCUSSION:
If approved, this item will allocate $100,000 from District 5’s discretionary funds to the Housing and Community Development (HCD) Fund to support the launch of a Fast-Track Permitting...
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