Oakland expands housing fund uses for homeless housing and prevention services

Oakland will allow a portion of its Affordable Housing Trust Fund to support operating and rental subsidies for housing serving people experiencing homelessness and extremely low-income households. The ordinance also removes the June 30, 2027, expiration date for using those funds on homelessness prevention and anti-displacement services. The change does not spend or appropriate money now; future uses would require additional City Council action. The council approved it with 8 votes in favor and no votes against, absences or abstentions.

Subject: Affordable Housing Trust Fund Ordinance Update From: Housing And Community Development Department Recommendation: Adopt An Ordinance Amending Chapter 15.62 Of The Oakland Municipal Code To Allow Affordable Housing Trust Funds From Funds Distributed To The City Under Redevelopment Dissolution Laws To Be Used For Operating And Rental Subsidies For Housing Serving People Experiencing Homelessness And Households With Extremely Low Incomes, And Removing The 2027 Sunset Date On Using Such Funds For Anti-Displacement And Homelessness Prevention Services

Sep 28, 202627-0113: Subject: Affordable Housing Trust Fund Ordinance Update From: Housing And Community Development Department Recommendation: Adopt An Ordinance Amending Chapter 15.62 Of The Oakland Municipal Code To Allow Affordable Housing Trust Funds From Funds Distributed To The City Under Redevelopment Dissolution Laws To Be Used For Operating And Rental Subsidies For Housing Serving People Experiencing Homelessness And Households With Extremely Low Incomes, And Removing The 2027 Sunset Date On Using Such Funds For Anti-Displacement And Homelessness Prevention ServicesSource documentPDF 1PDF 2