A. Certain nonprofit agencies are unique in the City because they:
(1) Provide owner-occupied housing.
(2) Create taxable projects.
(3) Offer 0% mortgage to the homeowner of a project.
(4) Have an all-volunteer labor pool.
(5) Create homeownership opportunities for low-income families who perform sweat equity on the rehabilitation or construction of their homes.
B. The fees payable to the City for the rehabilitation or construction of single-family residences in Reading, by organizations meeting the above criteria be waived and that said waiver shall not pertain to City, county or school taxes which may become due and payable on these properties during or subsequent to the construction period.
C. Request for waiving the fees shall be submitted to and approved by the City prior to commencing the project(s).