CM Salem said he was a proponent of down payment assistance and asked if this bill took money away from this program. Travis Jeffrey from Housing and Community Development said they were moving money from the Down Payment Assistance program to cover administrative costs and that the companion bill will replenish that funding in the Down Payment Assistance program.

Neighborhoods, Community Services, Public Health and Safety Committee · 2026-05-18 · agenda_item

This item concerns a proposed shift in funding for the Down Payment Assistance program. The city is considering moving funds from this program to cover administrative costs. A companion bill is planned to replenish the Down Payment Assistance program's funding. This proposal is currently pending review by the Neighborhoods, Community Services, Public Health and Safety Committee. The work involved would primarily be administrative and financial, with potential future construction or development if the replenished funds lead to new housing initiatives. Local businesses in financial services, legal services, and administrative support could be involved in managing and processing these fund transfers and related documentation. Early engagement may be beneficial as the details of the funding replenishment and future use are clarified.