Agenda - Council - 09/30/1980 - Special

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PROPOSED REVISION 6 6 Local ~{ousinq Initiatives - Fiscal and Financial - Municipalities which have used fiscal devices or initiatives such as tax-exempt mortgage revenue bonds, tax increment financing, locally financed housing rehabilitation activities, or CDBG funds to assist the development of new low- and moderate-income or modest-cost housing opportunities, or provide housing rehabilitation assistance are awarded two points for each activity. Points are awarded once for each type of activity and are maintained for two years. Maximum of six points. Local ~{ousinq Initiatives - Official Controls - Municipalities are awarded two points for each of several additional activities for which it can be demonstrated that new lower- cost housing opportunities have been created in the community. The activities may be in the form of official controls used specifically to assist the development of new low- and moderate-income or modest-cost housing such as the waiving of permit fees or dedications, the establishment of mandatory inclusionary zoning requirements, the provision of density bonuses, or the implementation of policies or programs which promote interjurisdictional mobility such as the elimination of residency preferences_ for assisted housing. Points are awarded once for each type of activity and are maintained for two years. Maximum of six points. Official controls for which points are subsequently awarded under Codes and Ordinances are not awarded points in this criteria. EXPLANATI ON FOR THE CHANGE The proposed changes clarify and separate the implemen~on methods tl~ communities may ~se to achieve low~-aost housing into categories of fiscal devices and in--yes, and offi~ controls. The change will p~t communities to achieve points for each of seve~ activities, and will rew~d communities according to the~ level of effort. 21