Laserfiche WebLink
<br />5. 4 t?- /þ <br /> <br />Housinq Operatinq Budqet <br />The proposed operating budget for housing for FY 2005/06 (Exhibit C) provides <br />the funding for continuation of the home improvement loan program as well as <br />the administrative support required to implement the work program described <br />above. The operating budget is basically the same as FY 2004/05 and reflects <br />the staff time devoted to housing issues and housing development opportunities <br />described in the work program. It is anticipated that most if not all of the <br />opportunity sites identified in the downtown area plan will be developed with <br />housing. This is substantiated by the housing element approved by the State, as <br />well as the current projections of the downtown precise plan, both of which <br />project the development of some 3000 housing units in or near the downtown, It <br />is anticipated that the Downtown Precise Plan will provide a strategy for the <br />development of these units as well as address feasibility, affordability and transit <br />linkage issues. <br /> <br />The redevelopment budgets for both the general and housing set-aside funds <br />also continue to reflect the revised calculations for deposits into the Housing <br />Fund pursuant to the Legal Aid Settlement Agreement that were initiated in the <br />FY 2004/05 budget. Staff continues to analyze this complicated agreement and <br />plans to be back before the Council with the issue in closed session in late <br />summerlearly fall. <br /> <br />Attachments <br />Exhibit A- 803/809 CAPITAL BUDGET <br />Exhibit B- 159/807 GENERAL <br />Exhibit C- 158/806 HOUSING <br /> <br />REDEVSHARED_2005 STAFF REPORTS_07-2005Jinal Redevelopment Agency Budget for FY 2005/06 <br /> <br />6 <br /> <br />----1r- <br />