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Title:
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A bill for an ordinance to amend Chapter 27 (Housing) of the Revised Municipal Code Article IV relating to affordable housing.
(BUSINESS, WORKFORCE & SUSTAINABILITY) Approves revisions to the affordable housing ordinance related to inclusionary housing to: 1. require pre-purchase counseling; 2. Improve City notice of pending foreclosures; 2. Broaden the “hardship exemption” allowing unit rental when good faith efforts to sell have failed; 4. Allow sale of units to approved non-profits; 5. Raise income thresholds for subsequent buyers; and 6. Eliminate restriction on use of buyout funds. The Committee approved filing this bill at its meeting on 6-5-13.
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