§ 16-53 — Purpose

Sec. 16-53. - Purpose.

The purpose of all expenditures from the fund shall be to accomplish one or more of the following goals: (1) Promote the development of affordable housing in mixed-income neighborhoods in the city. (2) Provide funding for the rehabilitation of vacant buildings for residential purposes or the rehabilitation of residential properties in communities with high foreclosure rates or blighted properties, including owner-occupied blighted properties. (3) Support the productive reuse of properties declared surplus by the City for residential purposes. (4) Implement universal design principles and accessibility for disabled persons. (5) Promote energy efficient and sustainable design in newly constructed and rehabilitated affordable housing in the city. (6) Provide for the Chief Administrative Officer or the designee thereof to administer the fund and the programs for which the fund pays. (7) Leverage funds from other sources to accomplish all of the purposes set forth in this section. (8) Advance any housing-related plan implemented by the City in accordance with applicable law or otherwise adopted by the Council.

(Code 2004, § 58-103; Code 2015, § 16-53; Code 2020, § 16-53; Ord. No. 2008-114-98, § 1, 5-27-2008; Ord. No. 2009-220-2010-8, § 2, 1-25-2010; Ord. No. 2012-155-128, § 2, 7-23-2012; Ord. No. 2021-285, § 1, 11-8-2021)