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Council adopts guidelines to use HUD’s middle-income rental program
Summary
The council approved guidelines allowing the city to certify developers who commit 50% of units at 120% AMI for 10 years under a HUD middle‑income financing program; staff said certification will be handled annually by community development and called the administrative burden "light."
Ogden City Council on Oct. 7 adopted a resolution approving the use of HUD’s middle‑income rental program guidelines that would allow developers to access additional financing for market-rate projects if 50% of units are set at 120% of area median income (AMI) for a 10‑year compliance period.
Jeremy Smith, a city staff presenter, told the council the program is intended to expand housing…
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