§ 27-50. City subsidy projects—Long term affordability requirements.

Latest version.

(a)

City subsidy projects will be subject to affordability restrictions for a minimum of sixty (60) years.

(b)

All city agencies administering affordable rental housing subsidy programs will be responsible for implementing this section. As the primary agency charged by the city to negotiate and confer affordable housing subsidies, OED will develop implementing strategies consistent with the sixty-year affordability principles contained in this section.

(Ord. No. 757-00, § 1, 9-25-00; Ord. No. 291-05, § 14, 5-2-05; Ord. No. 571-15, § 4, 9-14-15; Ord. No. 1089-18, § 4, 10-22-18)

                    
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