Today’s Committee on Housing and Real Estate meeting includes an ordinance to extend the city’s agreement with Low Income Housing Trust Fund for its implementation of the trust fund’s rental housing program. It gives grants to building owners and developers, who in turn reduce rents for low-income residents. The Trust Fund is the local administering agency (LAA) that distributes rental housing support funds–that designation expires June 30th, so does their agreement for city resources. According to its 2014 year-end report, the Trust Fund supported subsidies in more than 2,800 units of housing at an annual cost of $15.1 million. It’s the biggest city-funded rental assistance program in the country. Today’s agenda also includes a number of sales and negotiated sales in redevelopment project areas and the sale of two 9th Ward properties as part of the city’s Preserving Communities Together program.