Timing of construction or provision of affordable units or lots. Where feasible, affordable housing units shall be provided coincident to the development
of market-rate units.
4.
Marketing plan for affordable units. Applicants under this section shall submit an affirmative marketing plan to the director
of diversity and DHCD, which describes how the affordable units will be marketed to
potential home buyers or tenants. This plan shall include a description of the lottery
or other process to be used for selecting buyers or tenants.
94-8.1.10 Maximum Incomes and Selling Prices; Initial Sale.
1.
The proponent of a covered project shall engage a DHCD and office of community development
approved lottery agent who shall ensure affirmative marketing and DHCD requirements
regarding compliance with maximum income and maximum selling prices. For certain state
and federally funded projects more restrictive requirements may supersede state requirements.
2.
The maximum income level is as established by the DHCD, and as may be revised from
time to time. The maximum housing cost for affordable units is as established by the
DHCD, local initiative program or as required by other state or federal programs.
If multiple funding sources are used, the units must still be eligible for inclusion
on the subsidized housing inventory.