Portland Land Use Code

Citation: Portland Land Use Code
Parent Document: Portland Land Use Code
Jurisdiction: Portland (municipal)
Original Source: https://www.portlandmaine.gov/asset/a5dcd1dc-4117-40b3-b3da-74a56919e14b ↗

Full Text

3,700 chars

annually in the same way as the fee under G. Repayments of loans made from the fund.
Section 17.1.8.
F. Implementation guidance. The Housing & 17.3.3 Management of the trust fund
Economic Development Department shall The City Manager, or their designee, shall serve as
provide guidance on income verification the manager of the Housing Trust Fund. The
methods, affordable housing agreements, and responsibilities of the manager, subject to the
subsequent monitoring requirements. orders of the City Council, shall include:
A. Maintaining the financial and other records of
17.3 JILL C. DUSON HOUSING TRUST FUND the Housing Trust Fund.
17.3.1 Purpose B. Disbursing and collecting Housing Trust Fund
The purpose of enacting this section is: monies in accordance with the Housing Trust
A. To establish a City of Portland Housing Trust Fund annual plan.
Fund for the promotion, retention, and C. Monitoring the use of monies distributed to
creation of an adequate supply of housing, successful applicants for Housing Trust Fund
particularly affordable housing, for all economic support to assure on-going compliance with
groups and to limit the net loss of housing units the purposes of the fund and the conditions
in the city. under which these monies were granted or
B. To serve as a vehicle for addressing very low, loaned.
low, and moderate income housing needs
through a combination of funds as set out in 17.3.4 Housing Trust Fund annual plan
this article. A. Each fiscal year, the City Council shall adopt a
Housing Trust Fund annual plan. The City
17.3.2 Establishment of the Jill C. Duson Manager shall submit to the City Council a
Housing Trust Fund recommended Housing Trust Fund annual plan,
The City Council shall establish a special revenue utilizing the revenues of the Housing Trust
account under the name “City of Portland Jill C. Fund as well as any other funds the manager
Duson Housing Trust Fund” (Housing Trust Fund). may propose as appropriate. The housing
Deposits into the fund shall include: committee of the City Council or such other
A. Contributions from the City’s housing committee as the council shall designate shall
replacement ordinance under Subsection 17.1.8. conduct public hearings on the recommended
B. In-lieu fees under Subsections 17.2.3 and 17.2.4. plan and refer the matter to the council for
C. Funds appropriated to be deposited into the action.
fund by vote of the City Council. B. The Housing Trust Fund annual plan shall
D. Voluntary contributions of money or other include:
liquid assets to the fund. 1. A description of all programs to be funded
E. Any federal, state, or private grant or loan in part or in full by the Housing Trust Fund.
funds provided to the fund. 2. A description of how funds from the
F. Interest from fund deposits and investments. Housing Trust Fund will be distributed 17-8 | CITY OF PORTLAND LAND USE CODE HOUSING

Other Sections in This Document (765)

Full Text