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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.</P> <h2><a href="/GAC/286-1-.02" name="286-1-.02" title="286-1-.02">Rule 286-1-.02 Definitions</a></h2> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="286-1-.02(1)">(1)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Commission: The State Housing Trust Fund for the Homeless Commission.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="286-1-.02(2)">(2)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Financial Assistance: Loans or grants, or any combination thereof; provided by the Commission from the State Housing Trust Fund for the Homeless.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="286-1-.02(3)">(3)</a></td> <td valign="top" style="text-align:left" class="leftalign"> 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.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="286-1-.02(4)">(4)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Leveraging: Combining funds from different sources into a financial package sufficient to fully complete a residential housing project.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="286-1-.02(5)">(5)</a></td> <td valign="top" style="text-align:left" class="leftalign"> 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.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="286-1-.02(6)">(6)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Qualified Sponsor: A nonprofit, for profit, or governmental sponsor of a residential housing project.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="286-1-.02(7)">(7)</a></td> <td valign="top" style="text-align:left" class="leftalign"> 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.</td> </tr> </table> <table border="0" width="100%" cellspacing="4" cellpadding="4"> <tr> <td valign="top" width="1%" style="white-space:nowrap;text-align:left;width:18px;"><a style="white-space:nowrap;" name="286-1-.02(8)">(8)</a></td> <td valign="top" style="text-align:left" class="leftalign"> Trust Fund: The State Housing Trust Fund for the Homeless.</td> </tr> </table> </div> </div> </HTML> </div> <div id="toc" class="sidebar noprint"> <ul id="toc-children" class="children"><li><a href="/GAC/286-1-.01" name="286-1-.01" title="286-1-.01">Rule 286-1-.01 Board of Commissioners</a></li><li><a href="/GAC/286-1-.02" name="286-1-.02" title="286-1-.02">Rule 286-1-.02 Definitions</a></li></ul> </div> </div>  <div id="footer" class="noprint"><span class="footer">Copyright © 2020 Lawriter LLC - All rights reserved.</span>| <a href="mailto:support@casemakerlegal.com?subject=Rules and Regulations of the State of Georgia">Email Us</a> | 844-838-0769 | <a href="http://livechat.casemakerlegal.com/client.php?locale=en" target="_blank" onclick="if(navigator.userAgent.toLowerCase().indexOf('opera') != -1 && window.event.preventDefault)window.event.preventDefault();this.newWindow = window.open('http://livechat.casemakerlegal.com/client.php?locale=en&url='+escape(document.location.href)+'&referrer='+escape(document.referrer), 'webim','toolbar=0,scrollbars=0,location=0,status=1,menubar=0,width=640,height=480,resizable=1');this.newWindow.focus();this.newWindow.opener=window;return false;">Live Chat</a> </div> </div> </body> </html>