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Council debates renaming 15/90 fund to HEART and a targeted permit-fee deferral for affordable housing
Summary
City staff proposed renaming the 15/90 local housing sales tax fund to HEART, lowering the minimum capital allocation to 60% and creating a permit fee deferral program for qualifying housing projects. Council members asked for clearer limits, a public role on the sunset change and safeguards so deferrals do not delay other permits.
City staff presented an ordinance to the Urban Experience Committee to rename the city’s local housing sales-tax fund (commonly called 15/90) to the HEART fund, to align the code with state law and to add a permanent permit-fee deferral program for qualifying housing projects. Who and what: A staff presenter described the proposed code changes as a realignment of the fund allocation and administrative process. “60% is the floor,” the presenter said about the minimum share to go to capital projects; the remainder would be available for services constrained by the revised code. The presenter also described a new pilot…
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