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<br /> <br />subject to a low-income housing assistance contract with an agency or subdivision of this state or <br />the United States. <br /> <br />2. <br /> The program shall emphasize: <br /> <br />2.1 The development of multiple-unit housing, with or without parking, in structures that <br />may include ground-level commercial space; <br /> <br />2.2 The development of multiple-unit housing, with or without parking, on sites with <br />existing single-story commercial structures; and <br /> <br />2.3 The development of multiple-unit housing, with or without parking, on existing surface <br />parking lots. <br /> <br /> 3. <br /> The program shall result in the preservation, construction, addition or conversion of units at rental <br />rates or sale prices accessible to a broad range of the general public. <br /> <br />R-2.945-C Eligible Structures. <br /> <br /> <br /> To be eligible for local property tax exemption hereunder, a structure must: <br /> <br />1. <br /> Be multiple-unit housing as defined above, which: <br /> <br />1.1 In the case of the construction, addition, or conversion of multiple-unit housing, the <br />construction, addition, or conversion must be completed on or before January 1, 2006, <br /> <br />1.2 In the case of housing subject to a low-income housing assistance contract with an <br />agency or subdivision of this state or the United States, the application for exemption was made on <br />or before January 1, 2012; <br /> <br />2. <br /> Be located within the core area; and <br /> <br />3. <br /> Meet the approval criteria set forth in these Standards and Guidelines. <br /> <br />R-2.945-D Application for Exemption for Housing Subject to a Low-Income Housing Assistance <br />Contract <br />. <br /> <br />1. <br /> On or before February 1 immediately preceding the first assessment year for which exemption is <br />requested, the applicant shall submit to the City Manager, on a form provided by the City, an application <br />for exemption, containing the following information: <br /> <br /> 1.1 The applicant's name, address, and telephone number; <br /> <br /> 1.2 A legal description of the property or the assessor's property account number for the site; <br /> <br /> 1.3 A description of the existing use of the property, including a justification for the <br />elimination of, or a plan for the relocation of existing sound or rehabilitable housing located on the <br />property; and <br /> <br />Z:\CMO\2008 Council Agendas\M081022\S081022B.docm <br />