Measure K Funding for Affordable Housing
On April 11, affordable housing was one of several topics at the Board of Supervisor’s meeting. A recommendation was made for the allocation of $30 million in Measure K funds for affordable housing initiatives in the FY 2017-19 budget, with the majority of funding supporting the development of new affordable housing units for seniors, veterans and families. The Board was interested in identifying additional funding to increase the amount they allocate for affordable housing. After more discussions at the April 25th Board meeting, a new subcommittee was developed to review new options for increasing the affordable housing allocation, with the intention of bringing additional options to the Board in May. The County Board of Supervisors is working hard to address the housing crisis.