H-18 Boomerang Funds

The City shall consider options for allocating a portion of unrestricted City General Funds received as part of a one-time distribution of liquidated Low-Moderate Income Housing Trust Funds of the former Redevelopment Agency (aka “Boomerang funds”) for the development of affordable housing, and shall adopt a resolution regarding the use of these funds.

Responsible Department(s):
City Manager
Program Type(s):
Financing and Budgeting (FB)
Implements These Policy(ies):
Funding Source(s):
General Fund

Program Status:
Not Started
In Progress