RES 231370 - Laserfiche WebLink

Use the lower-income-housing fee to generate funds for the provision of housing Program 18.5:When affordable to extremely low-,low-and very considering how to utilize the low-income households.The low-income City's Lower-Income housing fund should be used primarily to Housing Fund,consider leverage State and Federal funds in the whether a proposal with a development of housing affordable to low- Although this situation did not present itself in 2022 the City has worked with non-profit housing developer and very low-income households and in- Consider prioritization by SAHA/Sunflower Hill,both non-profits formed a partnership,on a housing project within and a for-profit housing house loan programs,so that the fund may January 2016. Irby Ranch and will continue to consider both non-profit vs.for-profit partnerships on a developer partnership should be used most efficiently and maintained case-by-case basis. be a higher priority project over time. When considering allocation of due to its ability to potentially these funds,priority will be given to non- secure better funding and be profit housing developers with a project developed. including three bedroom units affordable to large extremely low,low-and very low- income households.