Rochester City Council Approves 2022 Budget, $1M Affordable Housing Investment
“Council members also signed off on spending up to $1 million to support affordable housing initiatives over the next three years.
The city will contribute $500,000 to the Housing Coalition Single-Family Housing Fund, which is anticipated to create up to 50 new affordable housing units. Another $500,000 will be used to promote the creation of more affordable housing options by implementing a fee waiver pilot program for qualifying developers, and offering the sale of city-owned parcels in residential zones below market value.
‘I wish we could invest 10 times as much,’ Rochester City Council President Brooke Carlson told her colleagues Monday night. ‘It’s really hard to sit here and be talking back and forth about how to spend $500,000 when we just approved a $510 million budget, and affordable housing is one of our top priorities as a council.’
The million dollars set aside for these affordable housing initiatives will come from funds granted to the city through The American Rescue Plan.”