HomeMy WebLinkAboutP-0700 - Policy - Impact Fee Reimbursement Policy Concerning Affordable Housing for Low Income Individuals - 03-04-1998-9aIMPACT FEE REIMBURSEMENT POLICY
CONCERNING AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS
Guiding Principles for the Polic~*
1. Reimbursements made under this policy must satisfy the public
purpose requirement for spending County money.
2. All reimbursements are made subject to budgetary constraints,
and are limited solely to the County's annual appropriations for
reimbursement. Thus there is no entitlement to these
reimbursements even for projects that qualify.
*These principles are detailed in the February 24, 1998 letter
concerning "Impact Fee Reimbursement Policy" from County
Attorney Gledhill to the Board of Commissioners.
Eligibility Criteria: w n~ o c c w~,; ed
1. Lines 1 and 2 - Reword: "A 501 c) (3) non-profit organization
which (1) develops affordable housing....."
word
3. Lines 5 and 6 - r~o~°*~*"° ~•~^*''a° "...or,K ~ c-F required
by applicable HUD policy."
Procedure:
1. Last paragraph on page 1, 3rd line from the bottom. of the page -
Reword: "....detailed construction budget including amounts for
individual houses or rental units,"
c~
-~ ~ ~ ~ 2 ~.