12-6-15: RIGHTS AND REMEDIES UNDER OTHER LAWS:

To the extent that this article provides no rights or remedies in a circumstance, the rights and remedies available to landlords and tenants under the laws of the State of Illinois or other applicable law, including a provision of this Code, shall remain applicable. (Ord. 21-60, 7-19-2021)

12-6-16: ENFORCEMENT:

In addition to any other remedy or penalty set forth in this article, any person found to be in violation of a provision of this article shall be subject to a fine in accordance with section 1-1-5 of this Code. Each day that a violation continues to occur shall constitute a separate and distinct offense. (Ord. 21-60, 7-19-2021)

ARTICLE 7 HOUSING TRUST FUND

SECTION:

12-7-1: Purpose and Intent

12-7-2: Definitions

12-7-3: Housing Trust Fund Established

12-7-4: Housing Programs Advisory Committee Responsibilities

12-7-5: Eligibility Requirements

12-7-6: Review and Approval of Applications and Programs

12-7-7: Conditions

12-7-8: Sources of Funds

12-7-1: PURPOSE AND INTENT:

The purpose of this article is to provide sustainable financial resources to address the affordable housing needs of eligible households in Oak Park by preserving and producing affordable housing, providing housing-related financial support and services to eligible households and providing financial support for not-for-profit organizations that actively address the affordable housing needs of eligible households. (Ord. 22-23, 5-2-2022)

12-7-2: DEFINITIONS:

   A.   The following words and phrases, when used in this article, shall have the following meanings:

 

AFFORDABLE HOUSING:	Housing that has a sales price or rental amount that is within the means of an "Eligible Household" as defined herein. In the case of dwelling units for sale, housing that is affordable means housing in which mortgage, amortization, taxes, insurance, and condominium or association fees, if any, constitute no more than thirty percent (30%) of the gross annual household income for a household of the size that may occupy the unit. In the case of dwelling units for rent, housing that is affordable means housing for which the rent and utilities constitute no more than thirty percent (30%) of the gross annual household income for a household of the size that may occupy the unit.
APPLICANT:	An applicant is any individual or entity, including but not limited to developers, not-for-profit organizations, housing owner/operators, and units of government that applies for a grant, loan, or other resources from the Housing Trust Fund.
ELIGIBLE ACTIVITIES:	Eligible Activities shall include those activities that are eligible to receive funding or other resources from the Housing Trust Fund, as set forth in section 12-7-5 of this Chapter.
ELIGIBLE HOUSEHOLD:	A household with in income at or below eighty percent (80%) of the Area Median Income (AMI) for for-sale units and at or below sixty percent (60%) of the AMI for rental units.
HOUSING PROGRAMS ADVISORY COMMITTEE:	The Village's Housing Programs Advisory Committee as established by chapter 2 ("Administration"), article 31 ("Housing Programs Advisory Committee") of this Code, as amended.

 

   B.   To the extent that words or phrases not defined herein are defined in the Village's Zoning Ordinance, such words or phrases shall be deemed to have the meanings set forth therein. (Ord. 22-23, 5-2-2022)