Housing trust fund

Perfect.

So we are going to first receive some documents for the 2027 Housing Trust Fund application discussion.

So, board, as you can see on the agenda, um, we have our Housing Trust Fund application summaries, the full applications.

And I want to direct your attention to our application discussion, um, guide.

So last year we used some of these questions that you see, uh, to kind of carry the conversation for our discussion.

Yes.

Um, if I may, uh, I, when I read the, um, summary in the memo, I thought it was a little bit confusing, so I outlined it differently here.

Essentially what the memo is, um, explaining is that the request was for $10,000 per unit in Affordable Housing Trust Fund grants, $80,000 in, uh, funds to cover city fees, for a total of 360, uh, request.

In terms of accomplishments, you know, she has made progress on water conservation, and we can talk more about this later.

She talks a lot about a historic deposit into the Housing Trust Fund, which is supposed to make affordable housing more available.

Same big budget wins for funding child care for low-income Arizonans.

And then earlier this year, she did score a three-year moratorium on giving new data centers a tax exemption.

The only registered opposition for this in the voter pamphlet comes from the San Francisco Republican Party.

It would more than double the amount of funding being directed to the Housing Trust Fund, which funds production of affordable housing.

And people are saying this system works, let's invest more in it.

That's what that one is about.

OK, we're going to take one more question and then I saw a few more hands go up, but don't worry, we're going to have more questions after.

Thanks so much for the event tonight.

On the local political front, I'm curious if you could talk a little more about the political splits within and beyond the Democratic Party and which forces, I mean, we know that it's huge AI and tech money and the mayor going predominantly toward some of the measures and against some that you talked about already, but what other forces are at play with sort of big money versus these different political communities in the city? And I guess, particularly around affordable housing I mean I know I understand like Prop C for instance was a bargain that was cut they actually hugely cut the inclusionary levels for affordable housing the city policy in order to come up with this idea of putting some money into the housing trust fund and then with prop I'll just add Like this is an existing tax that we already have, that voters already approved for affordable housing.

So I just wonder if you could talk, like, who are the forces that are promoting this? And the mayor talks about affordable housing, but then why would he be opposing something that is providing tens of millions of dollars for that? Thank you.