File #: File ID 16459    Version: 1 Name:
Type: Agenda Item Status: Agenda Ready
File created: 8/30/2023 In control: Board of Supervisors
On agenda: 9/19/2023 Final action: 9/19/2023
Title: UNFINISHED BUSINESS (9/5/23) Utilizing Surplus Fiscal Year 23 General Fund Ending Balance to Support Affordable Housing in Fiscal Year 24 Discussion/Direction/Action: Directing the County Administrator to appropriate 50% of the ADDITIONAL SURPLUS June 30, 2023, General Fund Ending Balance, above the already approved and appropriated amount of $159.4M, to the Regional Affordable Housing Commission to bolster the upcoming Gap Funding RFP for the construction and preservation of Affordable Housing in Pima County. This recommendation comes from the Regional Affordable Housing Commission, which voted unanimously at their August 18, 2023, meeting to forward this recommendation to the Board of Supervisors. Background information for this item is provided on the memorandum attached to the online agenda. (District 2)
Attachments: 1. BOS_FY23FundstoSupportAffordableHsngFY24_Dist2Submittal, 2. BOS_CAMemo_FY22-23BudgetedYEPerf_Dist2Submittal_8-31-23, 3. BOS_FundstoSupportAffordableHsng_CommentLetter_9-1-23_Redacted, 4. BOS_FundstoSupportAffordableHsng_CommentLetters_9-5-23_Redacted, 5. BOS_FundstoSupportAffordableHsng_CommentLetter_9-6-23_Redacted, 6. BOS_FundstoSupportAffordableHsng_CommentLetters_9-14-23_Redacted, 7. BOS_FundstoSupportAffordableHsng_CommentLetters2_9-14-23_Redacted, 8. BOS_FundstoSupportAffordableHsng_CommentLetter_9-14-23_Redacted, 9. BOS_FundstoSupportAffordableHsng_CommentLetter2_9-14-23_Redacted, 10. BOS_FundstoSupportAffordableHsng_CommentLetters3_9-14-23_Redacted, 11. BOS_FundstoSupportAffordableHsng_CommentLetters_9-15-23_Redacted, 12. BOS_FundstoSupportAffordableHsng_CommentLetters2_9-15-23_Redacted, 13. BOS_FundstoSupportAffordableHsng_CommentLetter_9-15-23_Redacted, 14. BOS_FundstoSupportAffordableHsng_CommentLetters3_9-15-23_Redacted, 15. BOS_FundstoSupportAffordableHsng_CommentLetter2_9-15-23_Redacted, 16. BOS_FundstoSupportAffordableHsng_CommentLetters4_9-15-23_Redacted, 17. BOS_FundstoSupportAffordableHsng_CommentLetters_9-18-23_Redacted, 18. BOS_FY23FundstoSupportAffordHsngFY24Revised_Dist2Submittal_9-18-23, 19. BOS_FundstoSupportAffordableHsng_CommentLetter_9-19-23_Redacted

Title

UNFINISHED BUSINESS (9/5/23)

Utilizing Surplus Fiscal Year 23 General Fund Ending Balance to Support Affordable Housing in Fiscal Year 24

Discussion/Direction/Action: Directing the County Administrator to appropriate 50% of the ADDITIONAL SURPLUS June 30, 2023, General Fund Ending Balance, above the already approved and appropriated amount of $159.4M, to the Regional Affordable Housing Commission to bolster the upcoming Gap Funding RFP for the construction and preservation of Affordable Housing in Pima County. This recommendation comes from the Regional Affordable Housing Commission, which voted unanimously at their August 18, 2023, meeting to forward this recommendation to the Board of Supervisors. Background information for this item is provided on the memorandum attached to the online agenda. (District 2)