Title
Fiscal Year 2024 Affordable Housing Expenditure Plan And Program Annual Report. (Chadrick Smalley / Valerie Bernardo)
Recommendation
The attached FY24 Affordable Housing Expenditure Plan and Affordable Housing Program Annual Report details expenditures and activities though Fiscal Year ("FY") 2024. The report includes sections detailing the use of Measure C Affordable Housing Bond proceeds, the status of the City’s Below Market Rate (“BMR”) portfolio, and progress on all activities in the Affordable Housing Administration and Expenditure Plan (“Expenditure Plan”). No actions are recommended in association with this report at this time, although its content can inform future activities and Council decisions.