§ 9-341. Applicability.

Funds shall be made available to offset a portion of the development fees incurred in connection with the development of affordable housing. In order to be eligible for funding under this section the following requirements must be met:

(1)

An application for the proposed development is submitted on or after the effective date of the ordinance from which this article is derived.

(2)

The development consists of one or more single-family or multifamily dwellings as defined in the ULDR.

(3)

The development qualifies as affordable housing as defined in this article.

(4)

The purchaser or lessee of the development is an eligible person or eligible household as defined in this article.

(5)

A restrictive covenant is executed and recorded in the public records of Broward County, Florida, restricting the ownership of an owner qualified development to an eligible person for five (5) years and lease of multifamily dwellings to a qualified lease development to an eligible person for fifteen (15) years.

(6)

Single-family standard development must meet the standards established for an infill housing project approved by the city commission on July 6, 1994.

(Ord. No. C-98-64, § 1, 12-8-98; Ord. No. C-99-70, § 9, 12-21-99)