Reporting Requirements for Pre-Construction Subsidies

Commencing on May 28, 2025, the director of budget and fiscal services and the director of planning and permitting shall provide reports to the council every three years by September 30 of each third year, which at a minimum must include: (1) The number of pre-construction subsidy applications received in each prior fiscal year and for all fiscal years to date; (2) The number of pre-construction subsidy awards for each prior fiscal year and for all fiscal years to date; (3) For each affordable rental housing project that received a pre-construction subsidy: (A) The total number of dwelling units in the project at each AMI level; (B) The fiscal year in which the project received a pre-construction subsidy; and (C) The total pre-construction subsidy amount; (4) The cumulative pre-construction subsidy amount awarded for all fiscal years to date; (5) For each project that received a pre-construction subsidy award that was subject to forfeiture: (A) The date on which the project received a pre-construction subsidy; (B) The date on which the project forfeited the pre-construction subsidy; (C) The nature of the violation that resulted in forfeiture; (D) The pre-construction subsidy amount forfeited, and the interest amount paid; and (E) Any other actions taken against the violator; and (6) The cumulative pre-construction subsidy amount forfeited for all fiscal years to date and the cumulative interest paid on the forfeited amount for all fiscal years to date. Editor’s note: “May 28, 2025” is substituted for “the effective date of this ordinance.” In accordance with Ord. 25-19 , upon the repeal of Chapter 32, the penalty provisions set forth in § 32-5.4 will remain in effect for as long as any affordable rental housing project is subject to the requirements of Chapter 32 as it read on the day prior to the date on which Chapter 32 is repealed.