(a) Certificate of Preference. If in any one fiscal year, the percent of Residential Certificate of Preference holders obtaining an affordable housing unit by taking advantage of the Certificate of Preference preference in all of the City's affordable housing programs combined exceeds 50% of the total number of units made available through the City's affordable housing programs in that year, MOHCD shall submit a report to that effect to the Board of Supervisors along with a proposed resolution to formally accept the report.
(b) Displaced Tenant and Neighborhood Preferences. MOHCD shall implement the Displaced Tenant and Neighborhood preference requirements of this Chapter 47 by developing procedures and amending its applicable regulations within 90 days of the effective date of the ordinance adding this Chapter 47. The requirements of this paragraph are directory rather than mandatory.
Within one year of the effective date of the ordinance adopting this Chapter 47 and annually thereafter, MOHCD shall submit to the Board of Supervisors a report assessing the impact of the Displaced Tenant and Neighborhood preferences along with a proposed resolution to formally accept the report. The report shall include the following data:
(1) the Number of applicants applying under Certificate of Preference, Owner Move In, Ellis Act, and Neighborhood preferences;
(2) the District where the applicant is currently residing;
(3) the District where the affordable housing unit the applicant is applying to is located;
(4) whether the applicant is selected from a lottery or other means;
(5) whether the applicant purchased or rented a unit; and
(6) any other pertinent information.
Within three years of the effective date of this Chapter 47, MOHCD and the Rent Board shall submit a report on the demographics and income levels of beneficiaries of the Displaced Tenant and Neighborhood preference system, along with a proposed resolution to formally accept the report.