Preference Points for Non-District Assisted Projects Clause Samples

Preference Points for Non-District Assisted Projects. The Authority shall use good faith efforts to work with the City to amend or supplement the Affordable Housing Guidelines, contained in the City’s Inclusionary Housing Requirements for Residential Projects, as more fully detailed in the Alameda Municipal Code, Chapter XXX, Article 1, Section 30-16 et seq. (the “Inclusionary Housing Program”). To the extent permitted by applicable law, such amendment or supplement of the Affordable Housing Guidelines will include a policy that will provide preference point(s), separate from any other categories for which preference point(s) are currently awarded, for eligible employees of the District who apply for purchase or rental of any Inclusionary Units restricted to Moderate-Income Households, as such terms are defined in the Inclusionary Housing Program. The preference points shall be applied to the greater of (a) one Inclusionary Unit in any rental development subject to the Inclusionary Housing Program, or (b) one of every three Inclusionary Units in any rental development subject to the Inclusionary Housing Program.