4.67.040 Operation of Fund.
In accordance with RCW 36.22.178, the affordable housing trust fund shall be used for eligible housing activities that serve very low-income households with incomes at or below fifty percent of the area median income. A priority must be given to eligible housing activities that serve extremely low-income households with incomes at or below thirty percent of the area median income. The fund shall be allocated to eligible housing activities in the county and the cities and towns within the county according to an interlocal agreement between the county and cities consistent with countywide and local housing needs and policies. As set forth in RCW 36.22.178(2), eligible uses of the fund are limited to:
(a) Acquisition, construction, or rehabilitation of housing projects or units within housing projects that are affordable to very low-income households with incomes at or below fifty percent of the area median income, including units for homeownership, rental units, seasonal and permanent farm worker housing units, units reserved for victims of human trafficking and their families, and single room occupancy units;
(b) Supporting building operation and maintenance costs of housing projects or units within housing projects eligible to receive housing trust funds, that are affordable to very low-income households with incomes at or below fifty percent of the area median income, and that require a supplement to rent income to cover ongoing operating expenses;
(c) Rental assistance vouchers for housing units that are affordable to very low-income households with incomes at or below fifty percent of the area median income, including rental housing vouchers for victims of human trafficking and their families, to be administered by a local public housing authority or other local organization that has an existing rental assistance voucher program, consistent with or similar to the United States department of housing and urban development’s section 8 rental assistance voucher program standards; and
(d) Operating costs for emergency shelters and licensed overnight youth shelters. (Added by Ord. 02-065, Nov. 20, 2002, Eff date Jan. 1, 2003; Amended by Ord. 12-020, May 9, 2012, Eff date May 20, 2012).