Speaker 0: Agenda item six.
Speaker 2: Constable 119973 relating to affordable housing, authorizing a loan of up to 1 million and general funds funds to community routes.
Speaker 0: Housing. The committee recommends the bill pass. Thank you, Madam Clerk. Consumer risk. You are recognized in order to provide the committee's report on this bill as well. Thank you very much. Madam President, this legislation authorizes the mayor and the director of the Office of Housing to execute a loan agreement with community roots housing formerly known as Capitol Hill Housing Improvement Program in an amount up to 1 million using general funds appropriated to finance general in the city's fourth quarter supplemental, the COVID 19 pandemic has impaired community roots housing from being able to collect the revenues needed, including commercial and residential tenant rents, resulting in a loss of operating income of approximately $3.2 million in 2020 . Capital housing has taken action to mitigate this loss. However, a shortfall of approximately $1 million remains as a reminder, as discussed in committee. And this morning, capital housing is a public development authority of the city. It is not eligible to apply for COVID 19 federal assistance, such as the Payroll Protection Program or PPE authorized by the CARES Act at the federal level through Congress, which would have helped tremendously in addressing the current shortfall. In light of that information and in recognition of the critical role that community housing has in the city of Seattle, to make sure that folks have affordable housing, accessible housing, and that there is supportive housing, I think that it is prudent that the city does act to allow for this loan to go forward, really appreciate the role that community housing and our housing partners at large have played with, making sure that folks not only have access to housing during, quote, normal times, but especially during a global deadly pandemic. We have to have homes in order for people to avoid contracting and spreading COVID. And this is a matter of life and death thanks to community housing for the work they've done in the past. And I'm supportive of this legislation. It did pass the committee 5 to 0 and encourage the yes vote today in full council. Thank you so.
Speaker 1: Much.
Speaker 0: Thank you so much. Councilman, was are there any additional comments on the bill? Oh, what? Okay. Hearing no additional comments on the bill. Will the clerk please call the roll on the passage of the bill?
Speaker 1: It's a want. Yes. Strauss. Yes. Herbold. Yes. Whereas I. LEWIS. Yes. Morales Yes.
Speaker 0: Yes.
Speaker 1: Peterson. Yes. Council President. Gonzalez.
Speaker 0: Yes.
Speaker 1: Nine in favor of those.
Speaker 0: Bill passes and the chair will sign it. Will the clerk please affix my signature to the legislation on my behalf? Okay. Committee reports the report of the Governance and Education Committee will please read the short title of item seven into the Record Report of the Governance and Education Committee Agenda.
AN ORDINANCE relating to affordable housing; authorizing a loan of up to $1,000,000 in General Fund funds to Community Roots Housing, a Washington public corporation, to mitigate the financial impacts of COVID-19; and authorizing certain new agreements to be developed relating to the lending of General Fund funds to Community Roots Housing.