City of Morgan Hill Adopted Budget FY 2016-17 and FY 2017-18
CITY OF MORGAN HILL FY 16-17 and 17-18 OPERATING AND CIP BUDGET CITY OF MORGAN HILL FY 16-17 and 17-18 OPERATING AND CIP BUDGET CITY OF MORGAN HILL FY 16-17 and 17-18 OPERATING AND CIP BUDGET CITY OF MORGAN HILL CITY OF MORGAN HILL FY 16-17 and 17-18 OPERATING AND CIP BUDGET CITY OF MORGAN HILL FY 16-17 and 17-18 OPERATING AND CIP BUDGET CITY OF MORGAN HILL FY16-17 and 17-18 Housing Programs (continued) Fund 255 include the balance of $2.4 million loan to EAH for the scattered site project, as well as a $500,000 BMR Program Administration contract. In total, $5.8 million is recommended towards Housing Programs. In spite of RDCS allocations and projects with BMR waivers pending, it is anticipated that $500,000 in housing in-lieu fee revenue for eligible BMR units will be received based on the $150,000 current fee. It has been a decade since the current $150,000 in lieu fee has been evaluated; in FY 16-17, an analysis will be brought forward to discuss the appropriateness of the BMR in lieu fee.
264
Made with FlippingBook