Greenville City Council is considering allocating some of the city’s more than $6 million budget surplus for affordable housing and public transportation.
Members of the City Council’s Committee on Finance and Development voted to send the following recommendations to the full council:
- $1.4 million for the Greenville Housing Fund, the independent nonprofit fund the Council established to help address the city’s shortage of more than 2,500 affordable housing units. The fund, which was launched as part of the community development financial institution Community Works, will provide equity funding for development and preservation of affordable housing for households with annual incomes of up to $55,000.
- $1.25 million for the Greenville Transit Authority. The money would be matched by federal funds to buy two more Proterra electric buses, to repair Greenlink’s existing fleet to get five more years of life out of them, to buy two diesel buses, and to buy vans.
- $1.1 million for neighborhoods and planning. This money would be allocated according to staff recommendations for planning, traffic calming, road resurfacing, sidewalks, and congestion management.
- $1 million for economic development. The money would be used for projects that would provide significant economic leverage, such as providing matching funds if a major federal grant for a new GTA maintenance facility is received. Another project that the money could be used for is to straighten and widen Salters Road to meet Mall Connector Road to relieve congestion on Woodruff Road and encourage development on Salters.
- $1.25 million for City Hall repairs.
The surplus is the amount of money in the general fund in excess of the city’s requirement to keep 20 percent of its budget in reserve. The general fund pays for items that aren’t covered by special revenues such as stormwater fees, zoo admissions or accommodations taxes.
The whole City Council would have to approve the appropriations.