[HISTORY: Adopted by the Common Council of the City of New
Berlin 6-12-2012 by Ord. No. 2491. Amendments noted where applicable.]
There is hereby established a Housing Trust Fund to support
developers and government entities in the acquisition, construction,
rehabilitation and modification of affordable and accessible housing
for low-income and moderate-income households and to finance support
services that assist low- and moderate-income households in obtaining
and maintaining affordable housing. Of the initial amounts placed
in the Housing Trust Fund, at least $50,000, and not less than half
of any additional amounts, shall be used for projects or programs
designed to promote integration and equal housing opportunity for
all persons, regardless of race.
The Housing Trust Fund shall be administered by the City of
New Berlin Department of Community Development; however, final decisions
regarding distribution of funds shall be made by the New Berlin Housing
Trust Fund Board which shall be established as a subcommittee of the
City of New Berlin Community Development Authority. It shall be the
responsibility of the Board to administer the Housing Trust Fund to
develop and implement appropriate rules, procedures, guidelines and
regulations for the proper operation of the Housing Trust Fund, to
review requests for funding from the Housing Trust Fund and make funding
determinations, to establish criteria and procedures for reviewing
requests for funding from the Housing Trust Fund and for allocating
such funds and to prepare and submit an annual report to the Community
Development Authority concerning the administration and activities
of the Housing Trust Fund.
[Amended 10-8-2019 by Ord. No. 2624]
The Housing Trust Fund Board is hereby created consisting of
the following six members, who shall serve staggered, two-year terms:
one Common Council member appointed by the Common Council President,
two other members appointed by the Common Council President, a developer
appointed by the Mayor, a representative of an advocacy group on the
issue of affordable housing in Waukesha County as determined by the
Mayor, the Director of the Waukesha County Housing Authority or his/her
designee. Members need not be City residents. The Mayor shall designate
the Board Chair.
The Housing Trust Fund Board shall:
A.
Evaluate requests for funding from the Housing Trust Fund after the
requests have been submitted to and reviewed by the City of New Berlin
Department of Community Development.
B.
Identify sources of financing the Housing Trust Fund that may be
utilized for consideration by the Common Council.
C.
Adopt rules, guidelines and criteria to assist in carrying out its
responsibilities.
A.
It is anticipated that the Housing Trust Fund is to be funded by
post-closure tax incremental district revenues and other funding sources
that may be identified by the Common Council and the Housing Trust
Fund Board.
B.
The Housing Trust Fund shall be initially capitalized in the sum
of $75,000.
C.
The Community Development Authority is hereby authorized to administer
the Housing Trust Fund and to promote affordable housing through the
City of New Berlin.
