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CR-05 - Goals and Outcomes Progress the jurisdiction has made in carrying out its strategic plan and its action plan. 91.520(a) This could be an overview that includes major initiatives and highlights that were proposed and executed throughout the program year. The City of Tacoma continues to face a growing housing affordability problem. Today, nearly 33,000 households in Tacoma pay at least 30 percent of their income on housing costs each month, reducing their ability to meet other needs like transportation, childcare, or healthcare. The City of Tacoma needs to stay affordable to help maintain the quality of life that Tacoma is known for, and to ensure housing costs do not worsen as the city grows over time. In 2018, the City of Tacoma developed this Affordable Housing Action Strategy (AHAS) as an urgent response to its changing housing market, increasing risk of displacement among residents, and widespread need for high-quality, affordable housing opportunities for all. Received by the City Council in September 2018, the AHAS has the potential to produce 6,000 new affordable units; preserve 2,300 existing affordable units and serve an additional 2,200 households by 2028. In total, it will reach 10,500 households living in the City of Tacoma. Implementation of the AHAS will involve a mix of funding from federal dollars such as Community Development Block Grant (CDBG) and HOME Investment Partnership Program (HOME) funds and local resources. To achieve this, the City Council allocated $1.2 million in local General Fund resources as seed money for a Housing Trust Fund that will go toward meeting the goals and objectives set forth in the AHAS.
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