Funding Source
Current 5 Year City
Operating Budget-
Housing & Homeless
Services
Low-Barrier
Interim Housing Safe Parking RV Permit
Parking Home Repair TBRA
Street Outreach
& Essential
Services
Community
Education
Total Operating
& Projects
Budget-Housing
& Homeless
Services
Capital Cost $ - $ 12,000,000 $ 6,000,000 $ 90,000 $ - $ - $ - $ - $ 18,090,000 5 year Operating Cost 2 14,469,000 4,800,000 2,100, 000 625,000 2,500,000 6,750,000 5,293,040 50,000 36,587,040 Total Capital and 5 Year
Operating Cost 14,469,000 16,800,000 8,100, 000 715,000 2,500,000 6,750,000 5,293,040 50,000 54,677,040 PLHA - - 2,300,000 - - - 744,140 3,044,140 General Fund - Future
Unhoused Services - 4,000,000 3,450, 000 715,000 - 1,291,615 50,000 9,506,615 Budget Stabilization Fund 3 3,459,000 - - - - - 3,257,285 6,716, 285 Opioid Settlement Funds - 800,000 - - - - - 800,000 CDBG 2,378,000 - - - 2,500,000 - - 4,878,000 HOME - - - - - 5,000,000 - 5,000,000 Redevelopment Funds 286,300 - - - - 1,250,000 - 1,536, 300 Housing MIT 5,282,500 4,900,000 - - 500,000 - 10,682,500 Prohousing Incentive
Program - 1,100,000 - - - - - 1,100, 000 BMR In lieu 3,063,200 - - - - 3,063,200 Encampment Resolution
Funding 4 - 6,000,000 - - - - - 6,000, 000 Total Capital & Operating
Funding Identified 14,469,000 16,800,000 5,750, 000 715,000 2,500,000 6,750,000 5,293,040 50,000 52,327,040 Funding Gap $ - $ - $ 2,350,000 $ - $ - $ - $ - $ - $ 2,350,000 Footnote:
1.Based on current budgeted operating costs, applied over 5 years with inflation. These are estimates and do not tie directly to the Adopted Long-Term Financial Plans.
4.The $6M in Encampment Resolution Funding is from a competitive state grant program and is not guaranteed. We will look for alternative funding sources if it is unavailable.
3. The $3,257,285 allocation from the Budget Stabilization Fund for Street Outreach & Essential Services is currently pending Council approval. Additionally, the General Fund Long-Term Financial Plan needs to be re-run to confirm affordability.
2. Low-Barrier Interim Housing operating costs apply for 3 years at $1.6M per year ($4.8M total) due to expected construction timeline. Safe Parking operating costs also apply for 3 years at $0.7M per year ($2.1M total) due to the expected construction timeline.
Plan Activities Costing Chart
Attachment 3