FY2027 Adopted Budget

This fund has also received developer contributions for housing developments in the Riverfront Crossings District. As a result of the inclusionary zoning code in this district, developers must provide affordable housing units in new developments, or they may make contributions into this fund instead. Over $5,500,000 in contributions have been made into the Affordable Housing Fund because of these zoning code provisions. These funds must be used in the Riverfront Crossings District. The fiscal year 2025 f und balance represents a combination of unspent developer contributions from the Riverfront Crossings District and accumulated City contributions.

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