(A) The village will replace all occupied and vacant occupiable low-to-moderate income dwelling units demolished or converted to a use other than as low-to-moderate income housing as a direct result of activities assisted with funds provided under the Housing Development Act, being 20 ILCS 3805/1 et seq., as amended.
(B) All replacement housing will be provided within three years of the commencement of the demolition or rehabilitation relating to conversion. Before obligating or expending funds that will directly result in such demolition or conversion, the village will make public and submit to DCCA the following information in writing:
(1) A description of the proposed assisted activity;
(2) The general location on a map and approximate number of dwelling units by size (number of bedrooms) that will be demolished or converted to a use other than as low-to-moderate income dwelling units as a direct result of the assisted activity;
(3) A time schedule for the commencement and completion of the demolition or conversion;
(4) The general location on a map and approximate number of dwelling units by size (number of bedrooms) that will be provided as replacement dwelling units;
(5) The source of funding and a time schedule for the provision of replacement dwelling units; and
(6) The basis for concluding that each replacement dwelling unit will remain a low-to-moderate income dwelling unit for at least ten years from the date of initial occupancy.
(C) The village will provide relocation assistance, as described in the Housing and Community Development Act of 1974, as amended, to each low-to-moderate income household displaced by the demolition of housing or by the conversion of a low-to-moderate income dwelling to another use as a direct result of assisted activities.
(D) Consistent with the goals and objectives of activities assisted under the Act, the village will take the following steps to minimize the displacement of persons from their homes:
(1) Will minimize or eliminate any activities such as acquisition or demolition which could be expected to result in the displacement of low-to-moderate income persons; and
(2) Will advocate and seek funds for housing rehabilitation, as opposed to demolition, especially for occupied housing.
(Res. 1995-15, passed 7-17-1995; Res. 1996-7, passed 3-28-1996)