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Revised September 16, 1999
Accounting within the Housing Trust Fund shall seregate revenues and expenditures so that
support for persons with incomes higher than eighty percent of the median household income as
defined in BIMC 18.06.565 shall be funded solely from private donations.
3.38.030 Definitions.
"Housing" means promotion, facilitation, preservation and development of decent and safe
dwellings affordable to all economic segments of the community through loans, financial
assistance, technical assistance and capacity building to public and private non-profit agencies
providing affordable housing services to the city.
3.38.040 Functions and Disbursements.
The Bainbridge Island Housing Trust Fund is intended to accept funds from sources that include,
but are not limited to, private donations, public allocations and the proceeds from the sale of
development rights.
The Bainbridge Island Housing Trust Fund is intended to:
Support the repair and rehabilitation of housing serving senior and disabled residents;
Provide direct financial and technical assistance to qualified housing projects;
Provide financial assistance to public and private non-profit organizations supporting
housing activities consistent with city policy;
Provide financial assistance to pay for utility connections for qualified housing activities;
and
Fund approved, eligible operating expenditures related to the provision of assistance
covered by this chapter.
3.38.050 Advisory Board.
The Bainbridge Island Health Housing and Human Services Council will provide an advisory
board to the Bainbridge Island Housing Trust Fund.
3.38.060 Reporting.
A separate ~v~tten annual report on the status of activities, programs, and projects funded
through the use of the City of Bainbridge Island Housing Trust Fund shall be prepared.
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Affordable Housing Fund Ordinance - October 1, 1999
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~ue Kasper - HTF Ordinance rev2(ORD NO, 99-45).doc Page 4
Re','ised September 16, 1999
PASSED BY THE CITY COUNCIL:
PUBLISHED:
POSTED:
ORDNANCE NO.
99-45
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Affordable Housing Fund Ordinance - October 1, 1999