The City of Monica has enough money available in its Housing Trust Fund to avert many of the budget cuts the City Council is expected to make Tuesday.

But it would have to sacrifice one of its top funding priorities -- the creation of affordable housing -- to help bridge the massive budget gap caused by the coronavirus shutdown.

Under a proposal hammered out by staff over the past two weeks, only $5.6 million of the nearly $58 million available in the Housing Fund would be used to help fill a $150 million budget gap by next July.

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