Creating a housing trust fund seems to be the principal goal of the anti-displacement grant that the city was awarded almost two years ago. During the budget process, Michelle Tullo requested 10 percent of the city's American Rescue Plan Act funds and 50 percent of the lodging tax revenue, for a total of about $200,000, for the housing trust fund. (In the end, $20,000 was allocated for the fund in the 2022 budget.) The "ask" from the Community Benefits Alliance is that 10 percent of the profits from the hotel and restaurant proposed for the Pocketbook Factory go to the housing trust fund. Exactly what the trust fund will do and how it will be operated has yet to be explained to the public. It would seem plans for the housing trust fund are still evolving.
On Wednesday, December 8, there is to be a Hudson Housing Fund Open House from 5:30 to 7:00 p.m. at the Hudson Area Library.
The invitation to the event, reproduced above announces: "The City of Hudson and the Hudson/Catskill Housing Coalition seek input from residents on a new fund to support housing affordability." It is later explained that the input sought is "on how Hudson should use its funds for housing affordability."