Affordable Set Aside Housing Projects. 1. PHB shall select, plan and implement Affordable Set-Aside Housing Projects in the City’s TIF districts consistent with the district objectives, as reflected in the relevant TIF plans and the City’s Affordable Housing Set Aside Policy, subject to the requirements of applicable law, including ORS Chapter 457.
2. For each PHB Affordable Housing Set-Aside Project, PHB shall be responsible for all work necessary to develop, complete and administer the program, project, or activity, including but not limited to, outreach, planning, acquisition, disposition, relocation, negotiation and underwriting, preparing and executing the necessary documentation, and administering all related contracts and agreements, including disbursements, construction coordination and monitoring, compliance monitoring, environmental inspections, asset management (including but not limited to loan servicing and property management), accounting, reporting, and enforcement. Prosper Portland may assist with a portion of the foregoing work under the terms of this Agreement.
3. PHB shall be responsible for satisfying the requirements of the Affordable Housing Set Aside Policy.
4. In implementing projects, PHB will employ its best efforts to meet or exceed the City’s goals and objectives for business and workforce equity and other City policies pertaining to fair contracting.
5. PHB shall report to Prosper Portland quarterly on how the Affordable Housing Set Aside dollars are being utilized. This would include reporting the following around multi-year TIF investments, as well as, homebuyer and home repair programs, land banked properties, and other real estate holdings:
a) Project Name
b) Address
c) Project Type
d) Status i.e. Planning, Under Construction, Complete
e) Start Date
f) Completion Date g) TIF Investment
h) Public Investment
i) Total Project Costs j) Units by Affordability
k) Spatial files
