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File #: 200264   
Type: New Business Status: Passed
Meeting Body: City Council
On agenda: 5/5/2020
Title: Allocation of Additional Funding for Rent Relief Program
Attachments: 1. Council Report

Title

Allocation of Additional Funding for Rent Relief Program

Recommended Action

That the City Council consider the following actions:

1.                     Appropriate $1.0 million from the Successor Agency Fund for the Palo Alto Housing project at 950 West El Camino Real.  (Five votes required)

 

2.                     Reallocate $1.0 million in the Below-Market-Rate Housing Fund, originally budgeted for the Palo Alto Housing project at 950 West El Camino Real, to the COVID-19 Rent Relief Program.