Chapter 286-1 ORGANIZATION AND DEFINITIONS
The Board of Commissioners of the State Housing Trust Fund for
the Homeless shall consist of nine (9) members. Two (2) of the nine (9) members
shall be persons occupying the positions of chairperson and executive director
of the Georgia Housing and Finance Authority. Seven (7) of the nine (9) members
shall be public members appointed by the Governor. The public members shall be
knowledgeable in the area of housing, and to the extent practicable, shall
represent diverse housing concerns. Public members shall serve for a term of
four (4) years except that initial appointments shall be staggered as follows:
three (3) of the appointees shall serve an initial term of four (4) years and
four (4) of the appointees shall serve an initial term of two (2) years. Public
members shall continue in office until their successors have been appointed and
qualified. In the event of a vacancy in the office of a public member by death,
resignation, or otherwise, the governor shall appoint a successor to serve the
balance of the unexpired term. The Commission shall elect a chairperson who
shall serve in that position for a term of two (2) years. The Commission shall
select such other officers and appoint committees as it deems
appropriate.
| (1) |
Commission: The State Housing Trust Fund for the Homeless
Commission. |
| (2) |
Financial Assistance: Loans or grants, or any combination
thereof; provided by the Commission from the State Housing Trust Fund for the
Homeless. |
| (3) |
Homeless: Persons or families which have no access to or
cannot reasonably be expected to have access to either traditional or permanent
housing which can be considered safe, sanitary, decent and affordable. |
| (4) |
Leveraging: Combining funds from different sources into a
financial package sufficient to fully complete a residential housing
project. |
| (5) |
Low income: Persons or families having income who lack the
income necessary, as determined solely by the Commission, to enable them,
without financial assistance, to secure safe, sanitary, decent and affordable
housing. |
| (6) |
Qualified Sponsor: A nonprofit, for profit, or governmental
sponsor of a residential housing project. |
| (7) |
Residential Housing Project: A program designed to enhance
residential housing opportunities for low-income persons. Such projects
include, but are not limited to, financing in whole or in part the acquisition,
rehabilitation, improvement, or construction of residential rental housing and
interest rate or down payment assistance programs designed to enhance home
ownership opportunities. |
| (8) |
Trust Fund: The State Housing Trust Fund for the
Homeless. |
