Measure E
Proposed Changes to Allocations
Jacky Morales-Ferrand Jim Shannon
Director Budget Director
Housing Department City Manager’s Office
April 12, 2022
Item 8.1
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL 2 1) Production of Affordable
Housing
2) Homeless Prevention
Add:
3) Homeless Services
Purpose of Measure E
4/11/2022
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL 3 Policy Change: Category Descriptions
4/11/2022
Extremely Low-
Income
• Predevelopment, acquisition, construction,
operating costs/reserves, permanent financing
• Acquisition/rehab, preservation
• Limited commercial space (ex: childcare facilities)
• For-sale and rental housing programs
• Minimum 20-year restriction
Low-Income • Same as above
Moderate-Income • Same as above
Homeless Prevention
and Rental Assistance
• Homeless prevention, gender-based violence
programs, legal services, rental assistance,
casemanagement
Homeless Services
• Outreach teams/encampment services, safe parking,
employment programs, case management
• Interim housing construction and operations
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL 4 Policy Change: Allocation Percentages
4/11/2022
Spending Category Current
%
Proposed
%
2021-2022
($90M)
2022-2023
($65M)
Extremely Low-
Income Households
45% 40% $35.2M $24.7M
Low-Income
Households
35% 30% $26.4M $18.5M
Moderate-Income
Households
10% 5% $4.4M $3M
Homeless
Prevention
10% 10% $8.8M $6.17M
Homeless Support
Programs
N/A 15% $13.2M $9.2M
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL 5 Impact on Funding for Interim Housing
4/11/2022
15% Homeless Support - $6.2 million available ongoing to support Interim Housing In addition to other Federal and State funding sources, additional contributions will be necessary from a combination of American Rescue Plan and General Fund sources Model Scenarios Estimated American Rescue
Plan Fund Contributions
Estimated
General Fund
Current Sites (Operations) $0 $4 million
2029-2030
Current Sites + Pending Project
HomeKey
(Operations)
$10 million
2022-2023
$2 - $12 million
2025-2026 to 2029-2030
Current Sites +
Pending Project HomeKey
+ Four New EIH Sites
(Construction and Operations)
$20 million
2022-2023
$20 million
2022-2023
$5 - $32 million
2023-2024 to 2029-2030
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL Next Steps
64/11/2022
Initiation of the 60-day public hearing period
First public hearing
Second public hearing
Action to make changes to City Council Policy 1-18, 2/3 vote Review of the Measure E Spending Plan by the Housing and Community Development Commission (as Measure E
Oversight Committee)
Proposed 2022-2023 Budget Release (including allocation changes to Measure E)
Update current year Spending Plan and budget
Feb 4, 2022
Feb 15, 2022
Apr 12, 2022
April 14, 2022
May 3, 2022
May 2, 2022
Measure E
Proposed Changes to Allocations
Jacky Morales-Ferrand Jim Shannon
Director Budget Director
Housing Department City Manager’s Office
April 12, 2022
Item 8.1