Title
An Ordinance creating Article XXXXV in Chapter 2 of the Code of Ordinances of the Lexington-Fayette Urban County Government to create the Affordable Housing Governing Board and the Affordable Housing Fund. [Dept. of Planning, Preservation and Development, Paulsen]
Summary
Authorization to create article XXXXV in Chapter 2 of the Code of Ordinances of the Lexington-Fayette Urban County Government to create the Affordable Housing Governing Board and the Affordable Housing Fund (0815-14) (Paulsen)
This is a request to create article XXXXV in Chapter 2 of the Code of Ordinances to create the Affordable Housing Governing Board and Affordable Housing Fund. Funds for Affordable Housing Fund and the Affordable Housing Manager are budgeted; there is no budgetary impact.
Budgetary Implications: No
Advance Document Review: Law
Fully Budgeted:
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Body
Section 1 - That Article XXXXV of Chapter 2 of the Code of Ordinances is hereby created to read as follows:
Sec. 2-473.
A board is hereby created which shall be known as the "Affordable Housing Governing Board".
Sec. 2-474.
The Board shall consist of thirteen (13) members, which shall be appointed by the mayor subject to confirmation by the council. The thirteen (13) members shall consist of two (2) members from the Lexington-Fayette Urban County Council; each of the remaining members shall have extensive experience in one or more of the following areas: homelessness and emergency housing; social and support services; affordable housing management; grants administration and/or philanthropic giving; housing construction; commercial or mixed-use development; property leasing or rental housing; real estate management; financial management, capital markets, or affordable housing financing. Additionally, to the extent possible, the c...
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