Further resolved that such parameters should include, but not be limited to, the rents that can be charged, the incomes of tenants who can be served and allowances for utility and insurance expenses and other operating costs.
Further resolved that program parameters should support the long-term financial viability of existing properties and enable new projects to be underwritten and built to preserve the primary goal of the programs, which is to provide affordable rental housing for low-income households.
Resolution originally adopted: 2007.6, Resolution No. 1
Committee with primary jurisdiction:
- Federal Government Affairs Committee
- Housing Finance Committee