SEC. 428.5. USE OF FUNDS.

The affordable housing fee specified in Sections 428.1et seq. for the Divisadero Street NCT shall be paid into the Citywide Affordable Housing Fund, established in Administrative Code Section , and the funds shall be separately accounted for. The Mayor’s Office of Housing and Community Development shall expend the funds to increase the supply of housing affordable to qualifying households in the City. The funds may also be used for monitoring and administrative expenses subject to the process described in Planning Code Section 415.5(f).

(Added by Ord. 295-18, File No. 151258, App. 12/7/2018, Eff. 1/7/2019)

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