Ordinance reallocating approximately $13,676,000 in unappropriated earned interest revenues from the Our City, Our Home Fund to allow the City to use such revenues from the Homelessness Gross Receipts Tax for certain types of services to address homelessness; temporarily suspending the limit on funding for short-term rental subsidies; directing the City to provide additional notice regarding eligibility for short-term rental subsidies; and finding that these changes are necessary to achieve the purposes of the Our City, Our Home Fund pursuant to Business and Tax Regulations Code, Section 2811.

Voters approved Proposition C, imposing a Homelessness Gross Receipts Tax to fund programs addressing homelessness, which established the Our City, Our Home Fund.

The Board adopted Ordinance No. 185-23 to reallocate approximately $16.3 million in unappropriated earned interest from the Our City, Our Home Fund to enhance existing programs.

The Mayor's Office submitted a request for a 30-day waiver for the funding reallocation ordinance to expedite its consideration.

The Budget and Appropriations Committee reviewed and recommended amendments to the ordinance reallocating $13,676,000 for homelessness services.

The Board of Supervisors amended the ordinance and continued it on first reading, reflecting the urgency of addressing homelessness.

The Board of Supervisors finally passed the ordinance, allowing the reallocation of funds to address homelessness services.