§ 9-343. Available funds.

(1)

For a qualified development, fees will be reduced by one hundred (100) percent when the units are sold or leased to very-low-income persons or households and seventy-five (75) percent for low-income persons or households. In order to encourage mixed income development, reductions shall apply to the entire development when at least twenty (20) percent of the dwelling units within a development are set aside for affordable housing.

(2)

In order to encourage single-family home ownership development, a single-family development may qualify for up to a five thousand dollar ($5,000.00) offset for each unit. Multifamily development may qualify for up to five thousand dollars ($5,000.00) for the entire development.

(3)

SHIP funds will generally be utilized to cover fee reductions provided in this article, but other funds may be utilized as they become available. Funds will be available on a first come, first served basis.

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