§ 7-2-4. Powers relating to housing and community development.

(a)

Powers relating to the acquisition and development of land and buildings in the city. The city may upon authorization of council:

(1)

acquire by purchase, exchange, gift, lease, condemnation or otherwise, land or buildings in the city for the purpose of providing housing for low or moderate income persons or for elderly or handicapped persons;

(2)

rehabilitate and dispose of any such land and buildings by lease or sale to low or moderate income persons or elderly or handicapped persons;

(3)

dispose of such land and buildings by lease or sale to a nonprofit or limited profit organization;

(4)

construct residential buildings in the city for lease or sale to low or moderate income persons or elderly or handicapped persons or for lease or sale to a nonprofit or limited profit organization;

(5)

make grants and loans of funds to low or moderate income persons to aid in the purchase of any land or building in the city which has been rehabilitated by the city or by a nonprofit or limited profit organization.

(b)

Powers relating to the acquisition and disposition of blighted, deteriorated, nonconforming property. The city may upon authorization of council:

(1)

acquire by purchase, exchange, gift, lease, condemnation or otherwise, real property in the city which is blighted, deteriorated, deteriorating, a blighting influence on the neighborhood, or in nonconformance with the city's zoning code or master land use plan;

(2)

clear, demolish or rehabilitate any such real property and dispose of any such real property by lease or sale to any person.

(c)

Powers relating to the granting of funds to owners of dwellings leased to low or moderate income persons. The city may upon authorization of council:

(1)

make grants of funds to owners of dwellings or dwelling units in the city leased to low or moderate income persons for the purpose of subsidizing, in part, the rental payments due and owing to any such owner by a low moderate income person;

(2)

acquire any such dwellings or dwelling units from any such owners and dispose of such property by sale or lease to low or moderate income persons.

(d)

Powers relating to the granting and loaning of funds to low or moderate income persons for the purchase of dwellings. The city may, upon authorization of city council, make grants and loans to low or moderate income persons to aid in the purchase of a single-family, townhouse, condominium or other dwelling, or shares in a housing cooperative.

(e)

Powers relating to federal and state housing programs. The city may, upon authorization of city council, participate in any federal or state housing program or other federal or state program related to the powers granted in this section, and may use federal, state, city or private funds in doing so. When using federal, state, city or private funds in any such program, the city shall determine the persons eligible to participate in the program by using the eligibility definitions, criteria and requirements that have been established by the federal or state agency administering the program. (Code 1963, Sec. 17A-4; Ord. No. 2934, 6/18/84, Sec. 1; Ord. No. 3876, 6/15/96, Sec. 2)