§ 316-3 — Administration

316-3. Administration.

The housing trust fund shall be administered by the community development grants administration division of the department of administration. The community development grants administration division, guided by the recommendations of the Milwaukee housing trust fund task force approved by the common council in resolution file number 060071, shall: 1. Administer the housing trust fund. 2. Develop and implement appropriate rules, procedures, guidelines and regulations for the proper operation of the housing trust fund, including the necessary internal controls over the fund. 3. Review requests for funding from the housing trust fund and make funding recommendations to the housing trust advisory board. 4. Establish criteria and procedures for reviewing requests for funding from the housing trust fund, and for allocating funds from the housing trust fund. 5. Prepare and submit an annual report to the mayor and common council concerning the administration and activities of the housing trust fund.