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1 <br /> 3. Long-Teran Long-T Housing AR b b'I'ty Policy: AHAB would like to engage in a separate <br /> review of the Long-Term Affordability Policy(LTAP) in collaboration with local affordable <br /> housing advocates and providers who have expressed an earlier Interest in participating <br /> in such a review. This separate review will also allow a full discussion and analysis of <br /> the Faulty Sharing requirements of the LTAP. Therefore, no changes are proposed at <br /> this time and AHAB suggests that all round one applicants comply with the current LTAP. <br /> The Revised Housing Bond Policy reflects current recommendations from AHAB based on Initial <br /> review and subsequent input from the Board and public. Please note that Attachments 4 and <br /> referenced in the policy are not included with this abstract, but are available for review upon <br /> request. <br /> FINANCIAL IMPACT: The approved Housing Bond Policy will govern the expenditure of$4 <br /> million dollars in Affordable Housing Bond funds. The Affordable Housing Bond sale strategy <br /> Includes the sale of approximately$1.3 million dollars each year for the next three years <br /> beginning in 2003. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the proposed <br /> revisions to the Housing Bond Policy. <br />