Sec. 05.05.05.17. Local Contribution

A. For each project undertaken by a local government or local government entity, the local government shall contribute from non-State sources:

(1) All or a portion of the land for the project;

(2) Funds equal to the proportion of the acquisition cost of the property attributable to the value of the land as set forth in, or determined from, the most recent tax assessment;

(3) A contribution towards development costs that equals or exceeds the value of the land, as set forth in, or determined from, the most recent tax assessment; or

(4) A combination of the above.

B. In determining the amount of the local contribution the Department shall consider:

(1) The value of land contributed by the local government which shall be equal to the:

(a) Amount paid for the land, if the land is acquired in conjunction with undertaking the project; or

(b) Market value of the land, if the land is contributed from the local government's existing inventory of land;

(2) Cash contributions that pay for capital costs;

(3) The value of contributed services such as design, architectural, or engineering services;

(4) The value of foregone or waived fees required for newly developed housing such as water and sewer tap fees, front footage fees, impact fees, and building or other permit fees;

(5) The value of locally installed infrastructure on and off the site that reduces costs normally attributable to a rental housing project; and

(6) Other contributions that in the determination of the Department reduce the amount of Program funding required for the project.

C. A local contribution is not required for projects owned by private sector entities.