[1]
Editor's Note: The Preamble of Ord. No. 13-96
states: "Whereas, the Housing Office incurs costs to meet COAH requirements
when a resale of Affordable Housing units occurs; and whereas, the
costs incurred include affirmatively marketing these affordable units
and administrative time and efforts spent to insure that the prospective
purchasers are qualified; and whereas, within the Affordable Housing
Agreement it states that the owner shall be obligated to pay a reasonable
service fee to the Authority at the time of closing and transfer of
title in the amount set by the Authority...."
[Amended 7-5-2022 by Ord. No. 19-2022]
|
Category
|
2022
|
2023
|
2024
|
2025
|
|---|---|---|---|---|
|
Closing fee for sale units
| ||||
|
Transfer of title
|
$750/unit
|
$950/unit
|
$1,000/unit
|
$1,100/unit
|
|
Administrative fees for rental units
| ||||
|
Start up
|
$1,500/project
|
$300/unit
|
$400/unit
|
$500/unit
|
|
Initial application/rental
|
$175/unit
|
N/A
|
N/A
|
N/A
|
|
Monthly administrative fee/project
|
$125/month/project
|
$125/month/project
|
$125/month/project
|
$150/month/project
|
|
Re-rental
|
$250/unit
|
$300/unit
|
$400/unit
|
$500/unit
|
