Laserfiche WebLink
<br />C. Administration. The fund shall be administered by the Community Development <br />Director, who may develop procedures to implement the purposes of the Fund <br />consistent with the requirements of this Article and any adopted budget of the City. <br /> <br />D. Expenditures. Fund monies shall be used in accordance with City's Housing <br />Element, Redevelopment Implementation Plan, Consolidated Plan or <br />subsequent plan adopted by the City Council to construct or convert to <br />affordable housing or assist other govemmental entities, private organizations or <br />individuals to do so. Permissible uses include, but are not limited to, assistance <br />to housing development corporations, equity participation loans, grants, pre- <br />home ownership co-investment, pre-development loan funds, participation leases <br />or other public-private partnership arrangements. The Fund may be used for the <br />benefit of both rental and owner-occupied housing. The Fund may also be used to <br />administer the City's housing monitoring program to assure long term compliance <br />with all affordable housing agreements. <br /> <br />E. Annual Report. The Community Development Director shall provide a <br />report to the City Council on the status of activities undertaken with the <br />Fund as provided by Section 66006(b) of the California Government Code. <br />The City Council shall review the information made available to the public <br />at the next regularly scheduled public meeting, not less than 15 days after <br />this information is made available to the City Council and the public. <br />Notice of the time and place of the meeting, including the address where <br />this information may be reviewed, shall be mailed, at least 15 days prior to <br />the meeting, to any interested party who files a written request with the <br />City for mailed notice of the meeting. <br /> <br />The report shall include a statement of income, expenses, disbursements <br />and other uses of the Fund. The report should also state the number and <br />type of inclusionary units constructed or assisted during that year and the <br />amount of such assistance. The report will evaluate the efficiency of this <br />Article in mitigating the City's shortage of affordable housing and <br />recommend any changes to this Article necessary to carry out its <br />purposes, including any adjustments to the number of units to be required. <br /> <br />6-3030 Enforcement <br /> <br />A. Penalty for Violation. It shall be a misdemeanor to violate any provision of this <br />Article. Without limiting the generality of the foregoing, it shall also be a <br />misdemeanor for any person to sell or rent to another person an affordable unit <br />under this Article at a price or rent exceeding the maximum allowed under this <br />Article or to sell or rent an inclusionary unit to a Household not qualified under this <br />Article. It shall further be a misdemeanor for any person to provide false or <br />materially incomplete information to the City or to a seller or lessor of an <br />Inclusionary Unit to obtain occupancy of housing for which he or she is not eligible. <br /> <br />16 <br />