§ 43.3.3. HOUSING ACCOUNT.

Latest version.

Bond proceeds shall be deposited into a separate account to be established by the Controller. Repayments of loans made from this account shall be applied first to finance development of affordable rental housing and downpayment assistance for low and moderate income first-time homebuyers, in accordance with this Article III, and then may be used for any other lawful purpose under this program, subject to the budget and fiscal provisions of the City's Charter. Expenditures shall be subject to the budget and fiscal provisions of the City's Charter.
(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

                    
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