San Jose Ca.Gov
File #: CC 19-023    Version: 1
Type: Reports to Committee Status: Agenda Ready
File created: 2/26/2019 In control: Community & Economic Development Committee (CED)
On agenda: 3/25/2019 Final action:
Title: Affordable Housing Investment Plan Update.
Sponsors: Office of Economic Development
Attachments: 1. Memorandum, 2. Housing Department Funding Sources, 3. Prior Year Revenue Projections

...Title

Affordable Housing Investment Plan Update.

...Recommendations

1.  Accept the staff report on the update of the Housing Investment Plan for expenditure of affordable housing funds;

2.  Include two new priorities funding acquisition and/or rehabilitation of existing market rate housing and a minimum of 30% of funds be invested in extremely low-income housing over the life of the Housing Investment Plan and;

3.  Cross-reference this report to the full City Council to be heard at the April 9, 2019 City Council meeting. (Housing)