In facing a projected $60 million budget shortfall, San Jose Mayor Matt Mahan is advocating for a shift of funds designated for affordable housing to support temporary housing solutions. This proposal arose during a recent City Council meeting, where Mahan backed a plan to permanently shift $39 million to aid operations at temporary housing sites. Despite potential resistance from housing advocates, Mahan argues this strategy would help the city better address homelessness while managing fiscal limitations, emphasizing the urgency to secure immediate assistance for unsheltered individuals as operational costs continue to rise.
Mayor Mahan emphasized that we can effectively eliminate a significant portion of this year's projected deficit if we shift priority to temporary housing solutions.
The suggestion to permanently repurpose affordable housing funds was made in the context of a potential $60 million budget shortfall due to declining sales tax revenues.
This move could siphon total funding away from affordable housing initiatives, narrowing down goals towards immediate support for the homeless.
With measures like temporary housing gaining traction, Mahan believes they can accelerate support for thousands currently unsheltered, potentially saving costs in the long run.
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