The Housing Trust Fund Committee for the City of Nashua is hereby
established. The functions of the Committee shall include the following
responsibilities:
A. Making recommendations to the Mayor as the agent to expend for funds
from the Housing Trust Fund.
B. Developing the guidelines for the Housing Trust Fund. The guidelines
shall support the creation of affordable housing units and housing
development or redevelopment projects with unique financial, environmental,
or other challenges that impact the provision of affordable housing.
C. Developing the criteria for project eligibility and assist in the
determination of eligible applicants for expenditure of Housing Trust
Fund monies.
D. Identifying opportunities and potential barriers to implementing
the City's affordable housing goals and making recommendations
to address those challenges.
E. Improving housing access with respect to City residents at all life
stages, household compositions, physical abilities, and socioeconomic
levels.
F. Guiding and supporting outreach and engagement initiatives and activities
related to affordable housing. This may include assistance in the
creation and distribution of affordable housing literature and community
education on housing, generally.
G. Recommend policies, ordinance changes, or modifications to the City's
housing programs.
The Community Development Division Director or designee shall
serve as Chairperson, with the Economic Development Director or designee
as Vice Chairperson. The Committee shall establish its bylaws for
the orderly conduct of business and regular dates and times for meetings
and the orderly conduct of business. The members of the Committee
shall serve without compensation. Each member of the Committee shall
hold office until his/her successor is appointed and approved, unless
sooner removed. The Planning Department shall serve as staff to the
Committee.