A. Funding received from this source must be deposited in a special revenue fund and only be spent for affordable housing programs and projects evaluated pursuant to the priorities established through the City of Bend Consolidated Plan and administration of the affordable housing programs and projects. Any loan proceeds from this source must be returned to the fund. Administrative expenses, as defined in BC 9.40.030, are allowed uses of revenue from the affordable housing fee.

B. City Council will award funding on an annual basis. The City of Bend’s Affordable Housing Advisory Committee will receive applications and make recommendations on funding awards to the City Council. The fund may not be used to pay for General Fund programs or other programs not related to the provision of affordable housing and the administration of the City’s affordable housing program. [Ord. NS-2479, 2023; Ord. NS-2417, 2021; Ord. NS-2179, 2012]