On November 6, 2018, Yountville voters approved Measure S which increased the Transient Occupancy Tax (TOT) by one percent (1%) to support workforce and affordable housing efforts. It is a special tax for funding programs and services related to workforce and affordable housing and may only be used for that purpose, including projects within and outside the jurisdictional boundaries of the Town of Yountville. Fund 71 is a new Fund dedicated to the revenues and expenditures tied to Measure S.

There are several types of programs and services which could utilize Measure S funds, which include but are not limited to:

• Funding for external services and programs that provide assistance to the Town in the management and oversight of its affordable housing programs.
• Funding for direct external consultant and staff costs related to management oversight and development of affordable and workforce housing programs and related services.
• Funding for internal and external program costs to provide housing rehabilitation, inspection and management of existing rental registration program, and code enforcement and compliance of short-term rental restrictions to support and maintain existing rental housing stock.
• Funding for various housing related provider and support services such as, but not limited to Fair Housing Napa Valley, and including other regional housing advocacy / services and non-profit housing resources support providers as outlined or in accordance with policy objectives in the Town’s General Plan and Housing Element.
• Funding for the purchase and acquisition of existing deed restricted affordable properties which may come on the market to ensure that they remain deed restricted.
• Funding for incentives, grants or reimbursements of development impact fees and building permit fees for deed restricted affordable housing units.
• Direct funding or financial assistance for property owners who may choose to rent out rooms in their home to targeted employees who are employed locally in Yountville.
• Development and funding of “down payment” assistance program for eligible targeted home buyers.
• Funding source for debt payment for bonds, certificates of purchase or other appropriate structure to fund the purchase, acquisition, or construction of additional deed restricted affordable or workforce housing for local employees.

Fiscal Year 2020/2021 Accomplishments

• Continued to collect additional one percent of gross revenue reported by hotels which increased fund balance.

Fiscal Year 2021/2022 Goals and Objectives

• Continue to grow the balance available in this fund.
• Seek opportunity to utilize fund balance to increase affordable and workforce housing within the Town.

Budget Highlights

• $100,000 budgeted for possibile Housing Feasibility Study.

Did You Know?

• As of April 30, 2021, the balance in this fund is $949,277.