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Resolution approving Budget Amendment Number 26.042 appropriating $235,000 in the Low- and Moderate- Income Housing Fund (Fund 241) for the City's Emergency Rental Assistance Program.
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WHEREAS, the City of South San Francisco ("City") aims to assist low-income households to avoid eviction and homelessness by providing one-time financial assistance to cover past-due rent or security rental deposit in an amount not to exceed $4,500 annually; and
WHEREAS, since February 26, 2020, City Council has approved the appropriation for rental assistance for a total amount of $1,025,000 with an additional $146,500 for the program's administration, totaling $1,171,500 for the purpose of assisting low-income South San Francisco tenants facing financial hardship; and
WHEREAS, the 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; and
WHEREAS, according to the Stanford Community Law Clinic, San Mateo County has experienced a 60 percent increase in evictions between 2019-2025; and
WHEREAS, a total of 323 households (905 individuals) have received Emergency Rental Assistance since 2020; and
WHEREAS, the Emergency Rental Assistance program is especially crucial for vulnerable residents in our community, including seniors, individuals with disabilities, and families with young children, including single-parent households, who, without this critical support, will have a higher risk of displacement and homelessness; and
WHEREAS, Fund 241 has a balance of approximately $1.4 million and receives approximately $210,000 in annual income, providing a stable and reliable source of funding for this program; and
WHEREAS, funds held in Fund 241 and expenditures are governed by California State Senate Bill 341 regarding Housing Successor Agency funds from the City's former Redevelopment Agency; and
WHEREAS, under State law, Fund ...
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