Summary
The Housing Trust Fund Fact Sheet highlights the City’s dedicated funding for affordable housing programs, which has grown from $21.5 million in FY14 to $55.2 million in FY24. The fund supports programs in housing stability, home repairs, and affordable housing development, with half of expenditures directed toward very low-income households. General Fund transfers have become the primary revenue source since FY19, surpassing document recording fees. Despite increases in the Housing Trust Fund, it remains a small portion of overall housing investments, with federal funding still making up the majority of resources for affordable housing. The report emphasizes the importance of continued investment in housing assistance and stability programs, particularly as housing costs rise and federal housing support remains uncertain.