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 ↗

Full Text

3,104 chars

C. Monitoring the use of monies distributed to 18.3.5 Distribution and use of the Housing Trust
successful applicants for Housing Trust Fund Fund’s assets
support to assure on-going compliance with A. All distribution of principal, interest, or other
the purposes of the fund and the conditions assets of the Housing Trust Fund shall be made
under which these monies were granted or in furtherance of the public purposes set out in
loaned. Section 18.1.
B. During each year, the Housing Trust Fund shall
18.3.4 Housing Trust Fund annual plan disburse as grants or loans so much of the
A. Each fiscal year, the City Council shall adopt a Housing Trust Fund’s assets as the City Council
Housing Trust Fund annual plan. The City in its discretion has approved in the Housing
Manager shall submit to the City Council a Trust Fund annual plan.
recommended Housing Trust Fund annual plan, C. Funds shall not be used for City administrative
utilizing the revenues of the Housing Trust expenses.
Fund as well as any other funds the manager D. Funds shall not be used for property operating
may propose as appropriate. The housing expenses or supporting services.
committee of the City Council or such other E. No grants or loans shall be awarded by the
committee as the council shall designate shall Housing Trust Fund to corporations,
conduct public hearings on the recommended partnerships, or individuals who are delinquent
plan and refer the matter to the council for at the time of application in the payment of
action. property taxes or other fees to the City of
B. The Housing Trust Fund annual plan shall Portland, who have been convicted of arson,
include: who have been convicted of discrimination in
1. A description of all programs to be funded the sale or lease of housing under the fair
in part or in full by the Housing Trust Fund. housing laws of the State of Maine, or who have
2. A description of how funds from the pending violations of current City electrical,
Housing Trust Fund will be distributed plumbing, building, or housing codes or zoning
among very low-income, low-income and ordinances.
moderate-income households.
3. The amount of funds budgeted for 18.3.6 Term of affordability
programs funded in part or in full from the A. Whenever funds from the Housing Trust Fund
Housing Trust Fund. are used for the acquisition, construction, or

Other Sections in This Document (541)

Full Text