In a recent government meeting, council members raised concerns regarding the allocation of funds from the Property Excise Tax (PET) designated for affordable housing. The discussions highlighted a controversial decision to redirect these funds into the general fund, which some members described as a \"shell game.\" Council member Moore questioned the rationale behind this move, emphasizing the need for a stable homeownership pipeline for lower-income households.

City officials defended the budgetary adjustments, explaining that the decision was made to avoid deeper cuts to essential services such as parks and homelessness support. They acknowledged the challenges faced in the general fund and argued that the reallocation was necessary to maintain critical city services.

The conversation also touched on the city's commitment to homeownership, with officials noting that efforts are underway to build capacity among new entities in the homeownership space. They emphasized that while rental housing has historically received more funding, there is a recognition of the importance of homeownership in stabilizing communities and growing the tax base.

Additionally, the meeting addressed significant increases in the asset management budget, attributed to both technical adjustments and inflationary pressures. Officials clarified that these funds would support resident services and operational needs for affordable housing providers, particularly those offering permanent supportive housing, which often operates with minimal rental income.

Council members expressed appreciation for the continued funding for home repair and weatherization programs, recognizing their critical role in supporting lower-income households. The meeting concluded with a call for further discussions on how to effectively balance the budget while addressing the pressing needs for both rental and homeownership opportunities in the city.