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Report regarding a proposed Affordable Housing Financing Plan (AHFP) that would guide the City of South San Francisco's biennial funding priorities in relation to existing housing goals, policies, programs, and funding availability. (Pierce Abrahamson, Management Analyst II)
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RECOMMENDATION
Staff recommends that the City Council provide feedback on a proposed Affordable Housing Financing Plan (AHFP) that would guide the City's biennial housing funding priorities in relation to existing housing goals, policies, programs, and funding availability. While the AHFP is an administrative document without need for formal Council adoption, feedback provided during the May 14, 2025 Council meeting will help inform a series of forthcoming proposed Council action items originating in the AHFP to restructure the City's housing funds and programs.
BACKGROUND
In April 2021, the City Council held a study session on housing program goals, existing housing policies and programs, and housing fund balances. This study session set the groundwork for a financial plan for the City's affordable housing funds to better align actual spending with housing priorities in the Housing Element and General Plan. On February 25, 2025, staff met with the Housing Standing Committee (HSC) to discuss a conceptual draft of the AHFP. During this meeting, committee members asked questions and provided feedback on the strategies and proposals within the plan. Staff have since incorporated HSC feedback and are bringing forward a revised AHFP for Council consideration ahead of important State and Federal funding program deadlines.
The AHFP is intended to serve as an administrative document to guide the implementation of Housing Element and General Plan policies based on funding availability. While most expenditures of funds consistent with the AHFP have already received Council approval and budget appropriation, associated with the AHFP are a series of Council proposed or soon to be propose...
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