In order to use the fund, Kinser in her memo recommended the city partner with a local non-profit dedicated to LMI housing. She also recommended the city make financial projections to determine how much of these funds the city would see annually.
“We’ve got to figure out how we’re going to dole it out. We can’t start writing checks to whoever shows up at the door,” Farwell said.
Stand-in committee member Jennifer Graf suggested offering the funds to the YWCA for its transitional housing for domestic violence and sexual assault victims and Pathways transitional housing for people who suffer from chronic mental illness.
Farwell said he was not sure if those programs would qualify, but ultimately the city would like to have another agency administer the funds.
“We need to partner up with somebody that really knows low-income housing, the needs of those people, established parameters and establish a target for what we want to do with the money,” Farwell said.
The City Services Committee will continue to discuss how to best utilize the funds.