§ 117.2. ELIGIBLE SITES, PROGRAM MANAGEMENT, AND REGULATIONS.
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(a) Eligible Sites. MOHCD shall make Loans to qualified nonprofit organizations for the purpose of acquiring residential units or buildings as Cooperative Living consistent with the Program Regulations. Eligible properties for acquisition may include any single-family home, multifamily residential building, or other residential unit suitable for Cooperative Living; provided, however, that such property shall not be occupied by renters or be the subject of evictions under Administrative Code 37.9(a)(8) or 37.9(a)(10), except for acquisition of units currently master leased by nonprofit organizations where the acquisition would preserve current occupancy by Eligible Persons. MOHCD and DPH shall establish minimum requirements for site eligibility to ensure that sites are suitable for operation as Cooperative Living and financially feasible.
(b) Program Management. The MOHCD Director shall be responsible for the operation and management of the loans provided under the Program. The MOHCD Director may appoint agents and consultants to assist with the administration of loans under the Program, provided that any such appointment is consistent with the civil service provisions of the Charter.
(c) Program Regulations. The MOHCD Director and DPH Director shall jointly publish from time to time Program Regulations as appropriate to implement the Program, consistent with applicable law and this Chapter 117. The MOHCD Director and DPH Director shall publish all Program Regulations on DPH’s website and in such additional places as the DPH Director deems appropriate, and shall provide copies or electronic links on request. The Program Regulations shall address matters such as Program and Fund administration, public and competitive processes to apply for Loans, compliance with applicable laws and regulations, appraisal of the Property, affordability restrictions for the longest possible term, eligible uses of Funds, underwriting criteria, transaction processing, documentation, compliance monitoring, and enforcement. At a minimum, the Program Regulations shall include, but are not limited to: (1) experienced property management to provide operating and maintenance, rent collection, lease enforcement, financial management and reporting; (2) a harm reduction policy; (3) procedures for lease violation and termination; and (4) limits on rent, which shall not exceed 30% of an Eligible Person’s income.
