Santa Rosa is considering teaming up with the County of Sonoma to create a $20 million housing fund, using $10 million from its $95 million PG&E settlement to match a contribution from the county.
The concept, one of many under consideration by the City Council as it mulls alternative proposals to spend the PG&E windfall, was the focus of a staff presentation Tuesday requested by Councilman Jack Tibbetts.
Under the proposal, the city would place almost 10% of its PG&E settlement dollars in the Renewal Enterprise District, which the city and county created in December 2018 to speed up the construction of new homes.
It is unclear, however, whether a majority of the council supports the plan. Council members are waiting to stake out positions on how the city should spend the $95 million, which the city received as part of PG&E’s $1 billion settlement with local governments over 2017 and 2018 wildfires, notably including the October 2017 Tubbs fire.
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