Item Description:
title
Auth $9 million for emergency shelter operations with Local Affordable Housing Aid in 2025; supp 2025 budget appropriation
end
Resolution:
body
BE IT RESOLVED, that the 2025 interfund revenue transfer from Local Affordable Housing Aid (Fund 24) to the Housing and Economic Development department (Fund 10) be reduced by $5,700,000; and that the 2025 Housing and Economic Development department (Fund 10) interfund revenue transfer and expenditure budget be reduced by $5,700,000; and
BE IT FURTHER RESOLVED, that the 2025 interfund revenue transfer from Local Affordable Housing Aid (Fund 24) to the Housing and Redevelopment Authority (Fund 37) be reduced by $3,300,000; and
BE IT FURTHER RESOLVED, that an interfund revenue transfer from Local Affordable Housing Aid (Fund 24) in the amount of $9,000,000 to the Housing Stability division of Human Services and Public Health department (Fund 20) be authorized for eligible expenditures on a cost reimbursement basis; and that the Housing Stability division of Human Services and Public Health department (Fund 20) 2025 interfund revenue transfer budget be increased by $9,000,000 and its budgeted use of restricted fund balance be decreased by $9,000,000, for operations of emergency shelters and costs of providing related services.
end
Background:
This action requests the interfund revenue transfer of $9 million in Local Affordable Housing Aid (Fund 24) revenues to the Housing Stability division of Human Services and Public Health (Fund 20) to support operations of emergency shelters and costs of providing related services in 2025 as other funding sources are pursued. The reduction in Local Affordable Housing Aid allocated to Housing and Economic Development and the Housing and Redevelopment Authority reflects previous board actions approved in committee on December 3, 2024 which authorized negotiating contracts for $17,313,956 million in Repair + Grow awards (Board Resolution 24-0524).
Hennepin ...
Click here for full text