§ 70-415.2. Appropriations.

Latest version.

Appropriations from the proceeds of NHIF shall be used to achieve improved housing conditions and neighborhood stability in the following manner:
(1)

Provide financing and other assistance for home ownership opportunities for families and individuals in existing structures;

(2)

Promote neighborhood stability by eliminating blight via remediation and rehabilitation;

(3)

Provide financing and other assistance for safe, affordable rental housing, provided that rental properties assisted with the proceeds of this fund shall be rented to low- and moderate-income persons/families for a minimum of ten years after receipt of assistance from this fund, and that developments comply with the regulations of the Comprehensive Zoning Ordinance.

(M.C.S., Ord. No. 26644, § 1, 10-15-15)

                    
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