LD 858
pg. 5
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LR 787
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exceed $50,000,000 adjusted by a factor equal to the
percentage change in the United States Bureau of Labor
Statistics Consumer Price Index, United States City Average
from January 1, 2002 to the date of calculation.

 
E.__The affordable housing development program must show
that the development meets an identified community housing
need.__The affordable housing development program must
provide a mechanism to ensure the ongoing affordability for
a period of at least 10 years for single-family, owner-
occupied units and 30 years for rental units.

 
F.__Acquisition, construction and installment of all
property improvements, buildings, structures, fixtures and
equipment included within the affordable housing development
program and financed through municipal bonded indebtedness
must be completed within 5 years of the director's approval
of the designation of the affordable housing development
district.

 
G.__The district must be primarily a residential development
on which at least 33% of the dwelling units are affordable
housing and that may be designed to be compact and walkable
and to include internal open space, other common open space
and one or more small-scale nonresidential uses of service
to the residents of the development.

 
4.__Powers of municipality.__Within an affordable housing
development district and consistent with an affordable housing
development program, a municipality may acquire, construct,
reconstruct, improve, preserve, alter, extend, operate or
maintain property or promote development intended to meet the
objectives of the affordable housing development program.
Pursuant to the affordable housing development program, the
municipality may acquire property, land or easements through
negotiation or by using eminent domain powers in the manner
authorized for community development programs under section 5204.
The municipality's legislative body may adopt ordinances
regulating traffic in and access to any facilities constructed
within the affordable housing development district. The
municipality may install public improvements.

 
§5248.__Affordable housing development programs

 
1.__Adoption.__The legislative body of a municipality shall
adopt an affordable housing development program for each
affordable housing development district. The affordable housing
development program must be adopted at the same time as the
district as part of the district adoption proceedings or, if at a
different time, in the same manner as adoption of the district,


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