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HomeMy WebLinkAbout2966 Establishing Affordable Housing Trt Fund ORDINANCE NO. ~ AN ORDINANCE AMENDING THE ASHLAND MUNICIPAL CODE, ADDING A NEW CHAPTER 4.36, PROVIDING FOR THE ESTABLISHMENT OF AN AFFORDABLE HOUSING TRUST FUND Annotated to show delotions and additions to the code sections being modified. Deletions are . and additions are in bold. WHEREAS, Article 2. Section 1 of the Ashland City Charter provides: Powers of the City The City shall have all powers which the constitutions, statutes, and common law of the United States and of this State expressly or impliedly grant or allow municipalities, as fully as though this Charter specifically enumerated each of those powers, as well as all powers not inconsistent with the foregoing; and, in addition thereto, shall possess all powers hereinafter specifically granted. All the authority thereof shall have perpetual succession. WHEREAS, the above referenced grant of power has been interpreted as affording all legislative powers home rule constitutional provisions reserved to Oregon Cities. City of Beaverton v. International Ass'n of Firefiahters. Local 1660. Beaverton ShOD 20 Or. App. 293,531 P 2d 730, 734 (1975); and WHEREAS, the City Council of the City of Ashland has determined that in order to protect the health, safety and welfare of existing and future residents of Ashland who are adversely impacted by the lack of housing available to all income types, specifically very low, low, and moderate income households, it is necessary to establish a fund to support the development, preservation, and rehabilitation, of needed housing types within the City; and WHEREAS the City of Ashland City Council recognizes that for a healthy community the provision of a range of affordable housing opportunities and funding mechanisms for affordable development is a top priority for the City of Ashland; and WHEREAS, the City Council of the City of Ashland has determined that neither the private market, nor the public sector, has yet provided the levels of housing affordability necessary to maintain a balanced community, local government must take an active lead to ensure an adequate supply of housing for residents and working people of all income levels; THE PEOPLE OF THE CITY OF ASHLAND DO ORDAIN AS FOLLOWS: SECTION 1. A new Chapter 4.36 [AFFORDABLE HOUSING TRUST FUND] is hereby added to the Ashland Municipal Code to read as follows: Chapter 4.36 AFFORDABLE HOUSING TRUST FUND Section 4.36.010 Purpose Section 4.36.020 Definitions Section 4.36.030 Dedication of Revenue Page 1 of 3 Section 4.36.040 Establishment of Policies and Procedures 4.36.010 Purpose A. The purpose of the Affordable HousinQ Trust Fund rAHTFl is to support the creation or preservation of housinQ that is affordable to people with incomes that do not exceed 1200/0 of the area median income. as defined by the Department of HousinQ and Urban Development for the Medford-Ashland Metropolitan Service Area. B. AHTF funds will support activities that create. preserve or aCQuire housina within the Ashland Urban Growth Boundarv. AHTF funds may also be used for permanent or transitional housina for homeless families and individuals. and for the modernization. rehabilitation and repair of public housina. C. The AHTF is not intended to be the sole source of fundinQ for affordable housina and any activity or proiect eliaible for support from the AHTF is expected to develop additional sources of funds. 4.36.20 Definitions. The followinQ words and phrases whenever used in this chapter shall be construed as defined in this section unless from the context a different meanina is intended. A. Affordable Housina Trust Fund (AHTF) means a separate account created by the City Finance Department established by this ordinance and used exclusively for AHTF purposes as set forth in this Ordinance and implementina Resolutions of the Council. B. Administrative Procedures mean the procedures for administration of the AHTF established by Resolution of the City Council. includina but not limited to procedures which outline application. evaluation. and all other associated procedures for administration of the AHTF. C. Affordable Housina means residential housina primarily for households or persons earninQ less than 120% the area median income where housina costs includinQ principal. interest. taxes. insurance. and homeowners association dues. or rent. do not constitute more than 300/0 the household income. and as more fullY defined per Council Resolution 2006-13. D. Eliaible uses and Activities mean those uses for the AHTF which are set forth an implementina Resolution of the City Council. such uses includinQ but not limited to uses and activities which facilitate the production and preservation of affordable housina within Ashland's Urban Growth Boundarv. E. Affordable Housina Priorities means priorities, established from time to time by the City Council by Motion. Order or Resolution. to auide the allocation of funds from the AHTF. 4.36.030 E~~7ZhmD:J:;::lt~~Y6~e:;~~f1d i Use of Pu"M Page2of3 ~ A. There is hereby established and created an Affordable HousinQ Trust Fund. rAHTFl. a separate account established by the City of Ashland Finance Department for purposes consistent with this ordinance and to provide a discrete account for earmarked affordable housinQ funds and dedicated affordable housina funds. B. The AHTF allows for dedicated funds to be used in support of Affordable Housina Priorities throuah receipt of donations and dedicated revenue streams. includinQ but not limited to donations. arants. sale of surplus City Property. or any other revenue sources approved by the Ashland City Council or the People of Ashland. C. Distribution of funds hall be in accordance with the olicies and rocedures er Resolution 2008- 4.36.040 Establishment of Policies and Procedures The Administrative Procedures associated with the AHTF. includina fund administration. determination of eliaible applicants. eliaible uses and activities. award I)references, eligibility criteria, award process. and selection criteria areLt initiall~ approved b~ the Citv Council eer establishment of Resolution 2008-~ I SECTION 2. Severability. The sections, subsections, paragraphs and clauses of this ordinance are severable. The invalidity of one section, subsection, paragraph, or clause shall not affect the validity of the remaining sections, subsections, paragraphs and clauses. SECTION 3. Codification. Provisions of this Ordinance shall be incorporated in the City Code and the word "ordinance" may be changed to "code", "article", "section", or another word, and the sections of this Ordinance may be renumbered, or re-I ette red , provided however that any Whereas clauses and boilerplate provisions (Le. Sections 2- 3) need not be codified and the City Recorder is authorized to correct any cross- references and any typographical errors.. The foregoing ordinance was first read by title only in accordance with Article X, Section (C) of the City Charter on the ---"--- day of ~~ . 2008, and d y PASSED and ADOPTED this . 7- day of , 2008. &~ Barbara M. Christensen, City Recorder \ Page 3 of 3