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<br />April 15, 2020, Work Session – Item 2 <br /> Staff are continuing to work through how to administer this program as efficiently as possible in order to maximize impact of the AHTF. It is anticipated that some administrative costs will be shared by the AHTF. <br />PREVIOUS COUNCIL DIRECTION April 12, 2017 Work Session - City Council received an introductory presentation on SB 1533 and directed staff to pursue development of policy options for a CET in collaboration with HPB. December 13, 2017 Work Session – City Council reviewed a set of recommendations from the HPB for implementation of a CET. Council directed staff to continue engaging community stakeholders on implementation of a CET. April 9, 2018 Work Session – City Council continued discussion of options for a CET and directed staff to return with a process for council consideration that would identify existing barriers to housing affordability, availability and diversity of type. January 14, 2019 Council Meeting – City Council directed staff to create a draft CET ordinance and to schedule a public hearing. February 19, 2019 Public Hearing – Thirty-four people testified at the public hearing on an ordinance imposing a CET on residential and commercial improvements. April 8, 2019 Council Meeting – City Council adopted an Ordinance Concerning Imposition of a Construction Excise Tax on Commercial and Residential Improvements. July 24, 2019 Work Session – City Council discussed next steps for AHTF implementation and directed that the vast majority of funds be used for direct assistance to renters and homebuyers. <br />COUNCIL OPTIONS 1. Approve the allocation of Affordable Housing Trust Fund resources as outlined in the AIS. 2. Amend and approve the allocation of Affordable Housing Trust Fund resources. 3. Take no action. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION Approve the allocation of Affordable Housing Trust Fund resources as outlined in the AIS. Direct staff to return to council when future funds are available for allocation. Staff will continue to work with the AHTF Advisory Committee to explore possible uses. <br /> <br /> <br />CC Agenda - Page 3