Resolution No. 02-62 CITY OF TIGARD, OREGON
RESOLUTION NO. 02- (ac�_
A RESOLUTION ADOPTING GUIDELINES FOR THE AWARD OF CITY AFFORDABLE HOUSING
SET-ASIDE FUNDS
WHEREAS, on September 24,2002,Council adopted the City Affordable Housing Program; and
WHEREAS, this program includes a range of strategies to encourage affordable housing within the
community; and
WHEREAS, one of these strategies is to use a portion of the Social Services and Community Events Fund
to reduce fees and charges imposed on affordable housing development; and
WHEREAS, the budget set-aside will create an important new incentive to encourage the construction
and/or rehabilitation of affordable housing units within the community; and
WHEREAS, the adopted 02-03 City budget earmarks a first-year amount of$10,000 in the Social Services
and Community Events Fund to be used for affordable housing fee reduction; and
WHEREAS, in a 10/15/02 workshop meeting, Council reviewed and recommended guidelines for
allocating the set-aside fiends;and
WHEREAS, affordable housing providers have reviewed and expressed support for the ten set-aside
guidelines as agreed-upon by Council.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The City of Tigard Council does hereby find and declare that the attached list of
guidelines, Exhibit "A", establishes the minimum eligibility requirements and conditions
for for-profit and not-for-profit entities wishing to request City funds in order to reduce
fees and charges imposed on affordable housing development within the City of Tigard.
EFFECTIVE DATE: This resolution is effective immediately upon passage.
PASSED: This 1 day of Crt0b_Q.i , 2002.
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City Recorder- City of Tigard
RESOLUTION NO. 02&0,
Page 1
Exhibit "A"
Affordable Housing Set-Aside Guidelines
1. Both for- and not-for-profit entities are eligible to apply for affordable housing set-aside funds.
2. Eligible activities include affordable housing development and rehabilitation. Affordable
housing development will receive greater consideration than rehabilitation_
3. The proposed project must be consistent with City housing policies and applicable planning and
zoning standards.
4. Only units targeted to households earning at or below 50% of median income are eligible for
City funds. Units targeted to households earning 60% of median income are eligible when the
project includes an equal number of units serving households at or below 50% of median.
5. The organization guarantees that the housing produced or rehabilitated will maintain long-term
affordability, with long-term defined as the longer of 25 years, or, if applicable, the life of any
State or Federal loan used to finance the project.
6. The organization guarantees that the project will be enrolled in the City Enhanced Safety
Program (ESP) and maintain ESP certification for the respective (a.) period of long-term
affordability defined in guideline #5, or (b.) the life of the ESP program.
7. Council review and approval of each separate award will be required. This review will include
an in-person presentation to Council by a representative of the organization making the
request.
8. The time limit on the use of the funds is two years.
9. Applications for assistance will be accepted twice per year. Applications shall be submitted on
forms provided by the City of Tigard.
10.The maximum amount available is $500 per qualified unit, up to the current set-aside line item
balance.
I/Irpn/affordahlPhousing.standards.hoard