...Title
Proposed Changes to the Allocation and Category Names of Measure E Real Property Transfer Taxes.
...Recommendations
(a) Hold the first of two public hearings regarding proposed changes to the spending allocation of real property transfer tax revenues as described under Section 22 of City Council Policy 1-18.
(b) Consider changes to the spending allocation of real property transfer tax revenue set forth under Section 22 of City Council Policy 1-18 to modify the category names and allocation amounts to:
(1) 40% for creation of new affordable housing for extremely low-income households;
(2) 30% for creation of new affordable housing for low-income households;
(3) 5% for creation of new for-sale and rental affordable housing for Moderate-Income households; and
(4) 25% for homeless support programs including prevention and rental assistance, shelter construction and operations.
CEQA: Not a Project, File No. PP17-010, City Organizational and Administrative Activities resulting in no changes to the physical environment. (Housing/City Manager)