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Report regarding a resolution approving Budget Amendment 25.027 appropriating $177,000 in the Low- and Moderate- Income Housing Fund (Fund 241) in Fiscal Year 2024-25 for the City's Emergency Rental Assistance Program. (Elia Moreno, Housing Management Analyst I)
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RECOMMENDATION
Recommendation
Staff recommends that the City Council adopt a resolution approving Budget Amendment 25.027 appropriating $177,000 in the Low- and Moderate-Income Housing Fund (Fund 241) for the Fiscal Year (FY) 2024-25. Specifically, the appropriation includes $150,000 for direct rental assistance and $27,000 for program administration.
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BACKGROUND
On February 26, 2020 the City Council approved Resolution #20-133 that allocated $30,000, establishing the South San Francisco Emergency Rental Assistance Program. The purpose of the fund allocations was to provide one-time financial rental assistance for individuals or families who experienced an emergency or financial hardship. Emergency rental assistance programs have played a key role for low-income renters as local jurisdictions recognize that renters are highly vulnerable to debt, homelessness, and displacement.
The following program guidelines were developed as a basis of qualifications for the program:
* Must be a household within South San Francisco earning up to 80% of the area median income. For a single household in 2024, that is $109,700 annually. For a household of four, that is $156,650 annually.
* A household can only receive up to the amount of $4,500 of assistance from the program. Households who have previously applied and have already met the cap amount will not qualify for assistance.
* Residents seeking assistance must provide evidence of need of emergency rental assistance - showing a late payment notice or insufficient funds demonstrating that the tenant is experiencing financial hardship. During the application process, YMCA will collaboratively work with each household to create a plan demonstr...
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