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19 <br /> not specifically cover rental housing, so CASA recommends including that for clarity. <br /> Second CASA urges the County to lift the equity recapture in rental housing where the <br /> property is held by a non-profit that is dedicated to the mission of promoting affordable <br /> housing. There is value to allowing local nonprofits to build equity and capacity in order to do <br /> more and better work in the County. CASA recommends that sale proceeds be able to be <br /> retained by the nonprofit owner, wish the condition that they be earmarked for future <br /> development. A time limit could be put on the funds for actually spending them on a <br /> development project.. say within 5 years of the sale, after which time the 50/50 recapture <br /> could be put into effect.] <br /> Any proceeds from the recapture of funds under this provision will be used to <br /> facilitate the acquisition, construction, and/or rehabilitation of housing for the purposes of <br /> promoting affordable housing. <br />