CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL
COUNCIL BILL NO. R-25-114 ENACTMENT NO. ________________________
SPONSORED BY: Klarissa J. Peña
RESOLUTION
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Adjusting Fiscal Year 2025 Operating And Grant Appropriations (Peña)
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WHEREAS, funds appropriated in the General Fund for housing vouchers currently revert at the end of the fiscal year, creating challenges in the continuity of funding; and
WHEREAS, these reversions make it difficult for providers to administer housing vouchers effectively, as providers enter into lease agreements throughout the year, many of which overlap across fiscal years; and
WHEREAS, transferring voucher appropriations to a non-reverting fund will improve the continuity of services, ensuring that the housing voucher program is better equipped to meet the City’s ongoing needs.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. That the following amounts are hereby appropriated to the following programs for Fiscal Year 2025:
OPERATING GRANTS FUND - 265
Health, Housing and Homelessness Department
Affordable Housing (5,750,000)
Prepaid Rapid Rehousing 5,750,000
Section 2. The funds allocated to the Prepaid Rapid Rehousing program under this Resolution shall not be expended, allocated, or otherwise appropriated without prior approval of the City Council through a separate resolution, unless they are associated with an existing, executed contract in effect at the time this resolution is adopted.