(A) Initial sales and/or initial rentals of affordable housing units shall be administered by the developer under the supervision of the Board. In the event that the developer is unable or unwilling to undertake this function, this responsibility may be assumed by the Board and Housing Administrator or contracted with another entity. The developer shall pay a reasonable fee to defray the expenses of such administration.
(B) Resales of owner units shall be administered by the Board. Re-rental of rental units shall be the responsibility of the owner of the rental units under the supervision of the Board.
(C) The developer, with the consent of the Board, shall designate an application period during which applications to purchase or rent affordable housing units will be accepted.
(D) Applications shall be accepted only if submitted on an application form prepared and/or approved by the Housing Administrator. Applications shall be completely filled out and notarized. Knowingly or intentionally making any false statement on a form shall be grounds for disqualifying an applicant even if the applicant is otherwise eligible. The following information shall be required for a prospective purchaser or renter:
(1) Four consecutive pay stubs dated within 120 days of the interview date or one recent pay stub and a letter from each and every current employer stating present income in an annualized figure plus expected income from tips, overtime or other extra earnings.
(2) A letter or appropriate reporting form verifying, without limitation, social security, unemployment, disability, pension or other benefits, including those received by an adult caretaker for the benefit of a minor child.
(3) A letter or appropriate reporting form verifying any other sources of income claimed by the applicant or household member.
(4) A copy of IRS form 1040, 1040A or 1040EZ, as applicable, and state income tax returns for each of the three years prior to the date of the interview.
(5) Reports that verify income from bank accounts, securities, trust funds or other income-producing properties.
(6) Reports that verify assets that do not earn regular income such as non- income-producing real estate and savings with delayed earnings provisions.
(7) Birth certificates or social security cards for children or for any household member not listed on IRS forms.
(E) The Board or developer shall determine whether the applicant meets the income and other requirements established in these regulations. The review process for a prospective purchaser shall involve a credit background report; to be an eligible applicant, the applicant shall have an acceptable credit history such that there is realistic possibility that he/she will be approved for a mortgage.
(F) The Board or developer will determine which eligible applicants shall be offered the opportunity to purchase or rent affordable housing units. Selection from among the eligible applicants shall be on a random basis subject only to the priority schedule established in division (G) and the provisions established thereunder.
(G) Residency and size of household priorities.
(1) A household of the size provided for in this division shall have priority over households with a lesser number of persons for one-bedroom, two- bedroom and three-bedroom units.
Household Size
Unit Type (persons)
3-bedroom 4 or more *
2-bedroom 3
1-bedroom 2
* NOTE: A household of more than 4 shall be treated the same as a household of 4.
(2) All applicants shall be classified in one of the priority categories set forth above on the basis of the information provided in the initial application.
(H) Appeals. In the event that an applicant is determined to be ineligible for a low- or moderate-income unit by the Housing Administrator, the applicant may submit additional proofs and request reconsideration by the agency. Such request for reconsideration shall be made within ten days of receipt of notice of denial by the applicant.
(I) Waiting list. A waiting list must be established for the remaining eligible applicants. After all the units are occupied, the developer or the Board may choose to accept new applications. If an applicant is deemed eligible, the applicant shall be placed on the waiting list at the bottom of the particular priority classification for which the applicant qualifies. The developer or the Board shall periodically recertify the applicants on the waiting list to ensure that the list remains current and that the applicants are still qualified for the units to which they applied.
('74 Code, § 131-82) (Ord. 15-1975, passed 8-11-75; Am. Ord. 369-1987, passed 7-27-87; Am. Ord. 699-94, passed 6-13-94; Am. Ord. 945-99, passed 9-13-99; Am. Ord. 43-04, passed 3-22-04; Am. Ord. 266-15, passed 5-11-15)