Title
Incorporated County Of Los Alamos Ordinance No. 02-270; An Ordinance Establishing An Affordable Homebuyer Assistance Program.
Recommended Action
I move to approve Incorporated County Of Los Alamos Ordinance No.02-270; An Ordinance Establishing An Affordable Homebuyer Assistance Program and Amending Chapter 14, Article VII, of the Code of the Incorporated County of Los Alamos To Add A Division 3 To Include New Sections 14-264 Through 14-273.
Manager's Recommendation
The County Manager recommends that Council consider Ordinance No. 02-270 for adoption.
Body
Background
Council introduced Ordinance No. 02-270 at the January 31st, 2017 Council meeting and directed the Ordinance for publication.
On January 26, 2010, County Council approved Ordinance No. 551 Establishing an Affordable Housing Program pursuant to the Affordable Housing Act and which states additional ordinances will be needed for individual housing programs.
On March 8, 2016, County Council approved Ordinance No. 664 re-establishing the Affordable Housing Program. Ordinance No. 664 repealed Ordinance No. 551 and ensured compliance with the State’s latest rules and regulations and to enhance the methods available to the County to assist qualified County residents in acquiring or improving housing within the County. Ordinance No. 664 included specific language to: "support the efforts of low income first time homebuyers looking to purchase a home in Los Alamos County by participating in homebuyer assistance programs that provide down payment and closing cost assistance." County Council approved $150,000 as part of the 2017 Community Development Department for the specific purpose of creating and implementing an affordable homebuyer program.
This Ordinance authorizes CDD staff to implement a Homebuyer Assistance Program as part of the overall effort to address affordable housing needs in the community. Key findings of staff research on housing demand in Los Alamos County includes steadily risin...
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