HomeMy WebLinkAboutMINUTES - 05221990 - S.7 TO: BOARD OF SUPERVISORS
FROM: Sunne Wright McPeak Contra
Costa
DATE: May 17, 1990 County
SUBJECT: Affordable Housing Trust Fund
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Refer to the Internal Operations Committee the feasibility of
establishing an Affordable Housing Trust Fund. The Affordable
Housing Trust Fund would be capitalized through a combination of
public and private funds and would be used to assist first-time
home buyers and provide incentives for the construction of
affordable housing. The Affordable Housing Trust Fund would be a
non-profit, community-based organization whose governing board is a
public-private partnership consisting of representatives from
County government, the cities, the League of Women Voters, the
building industry, labor,business organizations and community
groups.
BACKGROUND
The need for affordable housing is becoming more critical
throughout Contra Costa County, and .we must find new and innovative
_ways to provide affordable housing and assist first-time home
buyers. A public-private partnership in the form of an Affordable
Housing Trust Fund offers a new opportunity for cooperation among
all the interested parties.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON May 22, 1990 APPROVED AS RECOMMENDED X OTHER'
VOTE OF SUPERVISORS
X UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN:. AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DATE SHOWN.
CC: Internal Operations Cte ATTFRTEo
C. Van Marter, CAO Phil Batchelor, Clerk of the Board of
County Administrator $11�(IfISORJl� AdQ40LStrs�i
DEPUTY
M882/7-88 BY