Portland City Code ch. 14

Citation: Portland City Code ch. 14
Parent Document: Portland City Code ch. 14
Jurisdiction: Portland (municipal)
Original Source: https://www.portlandmaine.gov/asset/ae8cabd1-66eb-4a1c-9224-92bbca5e792f ↗

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E. Fee-in-lieu alternative. As an alternative to B. In-lieu fees under Subsections 18.2.3 and 18.2.5.
providing low-income housing units under C. Funds appropriated to be deposited into the
Subsection 18.2.5(D) above, a hotel project may fund by vote of the City Council.
pay a fee-in-lieu of $3,806 per hotel guest D. Voluntary contributions of money or other
room. This amount shall be paid into the City’s liquid assets to the fund.
Housing Trust Fund and used for the purposes E. Any federal, state, or private grant or loan
set forth in the ordinance and regulations funds provided to the fund.
applicable to that trust. F. Interest from fund deposits and investments.
F. Annual adjustments. The amounts in G. Repayments of loans made from the fund.
Subsection 18.2.5(E) above shall be adjusted
18.3.3 Management of the trust fund
annually in the same way as the fee under
The City Manager, or his or her designee, shall serve
Section 18.1.8.
as the manager of the Housing Trust Fund. The
G. Regulations. The Planning Board may
responsibilities of the manager, subject to the
promulgate implementing regulations based on
orders of the City Council, shall include:
this subsection.
A. Maintaining the financial and other records of
the Housing Trust Fund.
18.3 JILL C. DUSON HOUSING TRUST FUND
B. Disbursing and collecting Housing Trust Fund
18.3.1 Purpose
The purpose of enacting this section is: monies in accordance with the Housing Trust

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