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10 <br /> 9. Require all new residential and commercial developments in the County and <br /> Towns seeking zoning approval and/or permits to contain at least 15% of affordable <br /> units (for families at 80% or less of median income) in residential projects, or a donation <br /> of land for commercial developments. Further, these projects should be exempt from <br /> associated project development fees. [Reference: Zoning Subcommittee Report] See <br /> the attached memorandum regarding recent projects approved by the Council as an <br /> example. <br /> 10. Declare the Year 2002 "The Year of Affordable Housing" and implement a public <br /> education campaign defining affordable housing. [Reference: Education <br /> Subcommittee Report] <br /> Strategies <br /> I. Finance <br /> • Seek local government commitment to fund affordable housing initiatives with: <br /> • Bonds <br /> • Local Property Taxes <br /> • Rental License Fees <br /> • Challenge local governments to further avail themselves of the following funds and <br /> commit them to affordable housing initiatives: <br /> • Economic Development Initiative Funds (EDI) <br /> • HUD Section 108 Loan Guarantee Funds <br /> • Individual Development Accounts (IDA) <br /> • Seek state legislation to fund affordable housing initiatives from: <br /> • Corporate Tax Credits <br /> • Linkage Funds <br /> • Restructured Property Taxes <br /> • Title Transfer Fees <br /> • Reserve Fund Set-asides <br /> • Special Taxes <br /> • Encourage Public/Private Initiatives such as: <br /> • Private Placement Bonds <br /> • Seattle-style Philanthropy <br /> • Affordable Housing-Friendly Foundations <br /> II. Land-Use/Zoning <br /> • Review the inter-relationship between land use policies and affordable housing <br /> relevant to land costs, availability of water and sewer systems, density controls, and <br />