The in lieu fees and any equity share payment collected as a result of requirements of this chapter shall be deposited in an Affordable Housing Trust Fund to be used exclusively to develop and retain the supply of housing affordable to low-to-moderate income households. The city or Redevelopment Agency shall provide ongoing implementation programs utilizing funds deposited in the Affordable Housing Trust Fund for the benefit of low-to-moderate income households.
(Ord. 934, passed 3-2-93; Am. Ord. 1075, passed 9-7-04)