RES 94080 - Laserfiche WebLink

1. Rental or ownership housing for "very low income" and/or "low income" households. Ownership housing for "moderate income,' first-time home buyer households. II. New Construction The payment of costs, including fees, associated with the construction of new rental or ownership housing units for "very low income" and/or "low income" households. Priority shall be given to projects which benefit "very low income" households. B. The payment of costs associated with the construction of new ownership housing units for "moderate income," first-time home buyer households. 11I. Rehabilitation Rehabilitation projects or activities in existing rental or ownership housing units where the activity results in or is related to an increase hi the City's stock of lower-income housing (i.e., the provision of new "very low" ann/or "low income" units through rehabilitation rather then through new construction). Rehabilitation projects or activities in existing rental or ownership housing units occupied by "very low income" end/or "low income" households where the activity is related to the physical maintenance of existing lower-income housing units to ensure their continued availability as part of the City's lower-income housing stock. In order to be eligible for Housing Fund assistance, maintenance-oriented rehabilitation projects must innhide substantial City involvement, e.g., complete or partial City ownership, prior City financial commitment, legal or eontnetual City involvement, etc. IV. Housing Counseling/Pubtic Services Related to Housing The provision of counseling and similar assistance (either directly or through other govemmantal entities, private organizations, or individuals) in which the goal is to expand housing opportunities in PJ-nBrtton for lower-income households. The counseling activities for which the Housing Fund is used must be demonstrated to benefit at least 70% lower-income households. 3