The day-to-day management of the Affordable Housing Fund shall be entrusted by the Board to the Office of Affordable Housing. The Office of Affordable Housing shall also provide day-to-day management of any other moneys that the Urban County Council allocates for affordable housing. This allocation may include additional funds as allocated by the Council, and/or moneys received from gifts, grants or state or federal funds. The initial staffing for the Office of Affordable Housing shall consist of one (1) staff person: Affordable Housing Manager. The personnel costs required to administer the program shall be supported by the revenues of the Affordable Housing Fund. Administrative costs shall be limited to no more than ten (10) percent of the fund's revenues, with the initial year targeted at no more than five (5) percent.
The Office of Affordable Housing shall:
1) Serve as the point of contact for affordable housing within the Urban County Government.
2) Engage stakeholders in the community regarding affordable housing and affordable housing programs.
3) Advertise and promote affordable housing programs and funding availability.
4) Develop program materials and provide technical assistance to potential applicants.
5) Evaluate and rank all funding proposals.
6) Conduct research on overall affordable housing needs in Lexington Fayette Urban County.
7) Coordinate with the Division of Planning, the Division of Grants and Special Programs, the Office of Homelessness Intervention and Prevention, and other divisions and outside agencies on affordable housing solutions.
8) Submit annual reports on the activities of the Affordable Housing Fund to the Mayor, the Urban County Council, and the community.
9) Monitor implementation and compliance of projects and coordinates with other divisions and outside agencies as necessary for inspections, verification of rent restrictions, loan repayments, and other aspects of compliance monitoring.
10) Work with the Office of Homelessness Prevention and Intervention and Division of Grants and Special Programs to develop a 5-year strategic plan to address affordable housing.
11) Perform other duties as assigned.