The Housing Trust Fund Board shall serve as an advisory body to the City Council on the operation of the Housing Trust Fund, including, without limitation, the following:
(A) Recommending Housing Trust Fund goals, and reporting and presenting those goals to the City Council;
(B) Recommending policies, funding priorities, Housing Trust Fund program requirements, procedures for investing Housing Trust Funds, procedures for disbursing Housing Trust Fund awards and an annual budget to be reported to the City Council prior to the beginning of each fiscal year of the Housing Trust Fund;
(C) Recommending Housing Trust Fund awards for eligible activities;
(D) Monitoring eligible activities funded by the Housing Trust Fund;
(E) Evaluating Housing Trust Fund activities;
(F) Pursuing donations and grants, except that any grant agreement shall be subject to approval of the City Council;
(G) Actively exploring opportunities to leverage funds with other government agencies, non-profit organizations, corporate sponsors or employers; and
(H) Reporting no less than annually to the City Council on the expenditures, accomplishments, and activities of the Housing Trust Fund.
(Ord. 2011-01, passed 1-3-2011)