§ 38-204. Criteria for activity or project investment.

Upon submittal of an application or response to a County-issued Request for Proposals. The County shall consider investing in eligible activities or projects based upon the extent to which the activity or project achieves the following:

(1)

Promoting a sustainable community by supporting one or more of the following smart growth goals:

(a)

Preserving and strengthening existing communities;

(b)

Providing for a variety of land uses and lifestyles to support residents of diverse ages. incomes, and family sizes;

(c)

Reducing automobile trips;

(d)

Creating efficiency in planning and provision of infrastructure;

(e)

Conserving water and energy;

(f)

Encouraging green building and development;

(g)

Preserving significant environmental resources;

(h)

Promoting redevelopment and infill; and

(i)

Balancing jobs with housing.

(2)

Maximizing community resources through partnerships and leveraging;

(a)

Funds distributed through the Housing and Community Development Fund shall be leveraged to secure other funds, or to secure housing affordability terms in development orders or permits, or in other ways acceptable to the Board. The ratio for leveraging shall be determined by the Board on a project specific basis, and incorporated into the contract required in Sec. 38-205.

(b)

The involvement of appropriate public sector, private sector, and independent sector, entities as partners to combine resources to reduce housing costs for the targeted population is required. This partnership may include, but is not limited to:

i.

Lending institutions;

ii.

Housing builders and developers;

iii.

Nonprofit and other community-based housing and service organizations;

iv.

Providers of professional services relating to affordable housing;

v.

Advocates for low-income persons;

vi.

Real Estate professionals;

vii.

Investors; and

viii.

Other persons or entities who can assist in providing housing or related support services.

(c)

Collaborating with local businesses to provide economic and community development activities that serve the public interest.

(3)

Increasing the supply of affordable housing.

(4)

Providing accessible housing and appropriate supportive services for special needs populations.

(5)

Creating an inventory of continually affordable housing.

(Ord. No. 2007-016, § 2, 1-10-2007; Ord. No. 2014-002, § 1, 1-28-2014)