(a) The director shall administer this chapter.
(b) Fees for the administration and implementation of this chapter will be assessed on the owners of for-sale affordable dwelling units and the occupants of for-rental affordable dwelling units subject to this chapter.
(c) Applicable fees.
(1) For-sale affordable dwelling units will be subject to an annual monitoring fee of $50 per unit.
(2) For-sale affordable dwelling units will be subject to a fee of $600 per unit each and every time the real property title of the unit changes pursuant to § 29-1.5.
(3) For-rental affordable dwelling units will be subject to annual monitoring by a private compliance monitoring service, the fees for which will be paid by the owner of an affordable rental dwelling unit directly to the private compliance monitoring service. For-rental affordable dwelling units will also be subject to an annual monitoring fee of $50.00 per unit.
(4) An applicant eligibility certification fee of $75 will be assessed for each application reviewed by the city.
(5) Applicable fees identified in this subsection may be imposed by the city on other affordable housing projects to which this chapter does not apply; provided that the fees will only apply to those affordable housing units needed to fulfill a city requirement.
(6) Resale of for-sale affordable dwelling units will be subject to a $600 fee per transaction.
(d) The director may take action to refer delinquent payments of fees pursuant to this section to a debt collector on behalf of the city.
(e) All monies collected from fees pursuant to this section will be deposited into a special account within the general fund, and may only be used for the administration and implementation of this chapter.
(Added by Ord. 18-10; Am. Ord. 20-18)