Agenda - 11-21-2013 - 1 - Laserfiche WebLink

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Attachment VIII 36 d. Repaying subsidies embedded into homes that are sold out of the affordable inventory or sold to moderate income households 5. When new development applications are expected to include affordable housing units that CHT will administer, the applicable local government will seek input from CHT as to how and whether the proposed units are best incorporated into the affordable housing stock; 6. If CHT is expected to implement a particular housing policy for County or Towns, the applicable local government will consult with CHT to obtain input prior to initiating a new policy or requirement that will impact CHT's work. 7. As County and Towns revise their inclusionary housing policies, they will solicit input on proposed changes from CHT; 8. County and Towns will promote their inclusionary housing policies with their own employees and support CHT's efforts to sell homes to local government employees; E. Being Accountable to County and Towns 1. CHT will provide required documentation for every sale and resale of a property that includes subsidies provided by the local governments; 2. CHT will provide a quarterly report to County and Towns with information about sales, subsidies, challenges and other requested data; 3. CHT will provide an annual audit to the County and Towns; 4. CHT will provide interim financial statements as requested; 5. CHT will provide data on home sales, subsidy use and other indicators as requested;