SEC. 416.5. USE OF FUNDS.

   The additional affordable housing requirement specified in this Section for the Market and Octavia Plan Area and the Upper Market NCT District shall be paid into the Citywide Affordable Housing Fund, established in Administrative Code Section 10.100-49, but the funds shall be separately accounted for. MOHCD shall expend the funds according to the following priorities: First, to increase the supply of housing affordable to qualifying households in the Market and Octavia Plan Area and the Upper Market NCT District; second, to increase the supply of housing affordable to qualifying households within 1 mile of the boundaries of the Plan Area and the Upper Market NCT District; third, to increase the supply of housing affordable to qualifying households in the City and County of San Francisco. The funds may also be used for monitoring and administrative expenses subject to the process described in Section 415.5(f)

(Added by Ord. 108-10, File No. 091275, App. 5/25/2010; amended by Ord. 312-10, File No. 100046, App. 12/23/2010; Ord. 25-11, File No. 101464, App. 2/24/2011; Ord. 143-15 , File No. 150568, App. 8/6/2015, Eff. 9/5/2015; Ord. 83-17, File No. 170003, App. 3/24/2017, Eff. 4/23/2017)

AMENDMENT HISTORY

Section amended; Ord. 143-15 , Eff. 9/5/2015. Section amended; Ord. 83-17, Eff. 4/23/2017.

[AFFORDABLE HOUSING:  EASTERN NEIGHBORHOODS AREA PLAN]