Hillsborough County affordable housing funding at stake as faith leaders, advocates push to protect $2M

Funding concerns for affordable housing

Millions of dollars set aside for affordable housing in Hillsborough County could be in jeopardy as leaders take up the budget for the next fiscal year. FOX 13?s Matthew McClellan reports.

TAMPA, Fla. - Hillsborough County commissioners are set to take a tentative vote Thursday evening on a $12 billion budget for the next fiscal year. A key point of contention: whether to keep $2 million set aside for affordable housing.

What we know:

The Hillsborough Organization for Progress and Equality, or HOPE, is leading the push. Faith leaders and community members say the money is vital for working families, seniors, and people with disabilities.

Since 2019, the HOPE fund has helped create nearly 1,100 affordable homes across the county.

Pictured: Public comment on the issue of affordable housing in Hillsborough County in September 2024.

What's at stake:

The debate stems from a June vote, when commissioners repealed the HOPE Affordable Housing Act. That ordinance had required $10 million annually for housing projects. Currently, $1.4 million is saved for the building of new affordable housing.

For it to be confirmed in the budget for 2026, four commissioners will have to vote to keep it. Commissioners now have until the final vote on Sept. 18 to decide whether that money stays in housing or gets redirected.

Supporters argue the county should confirm at least $2 million in next year’s budget, saying the fund leverages private dollars and directly impacts families in need.

Opponents argue taxpayer money is better spent on public safety or property tax relief. The fund has been targeted during the past two years, lowered from $10 million to $2 million in 2023 and 2024.

READ: Two Bay Area non-profits team up to launch residential housing program

Timeline:

• June 18, 2025: Commissioners repeal the HOPE Act, ending the $10 million requirement.
• September 4, 2025: First budget hearing, with public comment and a tentative vote.
• September 18, 2025: Final vote on the FY 2026 budget.