Title
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.
body
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 $875,000 with an additional $119,500 for the program's administration, totaling $994,500 for the purpose of assisting low-income South San Francisco tenants facing financial hardship; and
WHEREAS, Fund 241 has a balance of approximately $2.5 million and receives approximately $210,000 in annual income, providing a stable and reliable source of funding for this program; 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, a total of 272 households (776 individuals) have received Emergency Rental Assistance since 2020; and
WHEREAS, low-income residents of the City continue to have a need for funds from the Emergency Rental Assistance program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that the City Council does hereby approve Budget Amendment Number 25.027 appropriating $150,000 for the Emergency Rental Assistance program and $27,000 for administrative expenses, totaling $177,000 to fund the Emergency Rental Assistance program for the remainder of Fiscal Year 2024-25.
BE IT FURTHER RESOLVED that the City Council hereby takes the following actions:
1. The foregoing recitals are true and correct and incorporated herein as part of this Resolution.
2. Authorizes the Direc...
Click here for full text