CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL
COUNCIL BILL NO. F/S O-25-91 ENACTMENT NO. ________________________
SPONSORED BY: Joaqu?n Baca and Klarissa J. Pe?a
ORDINANCE
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F/S Establishing The "Preserving Albuquerque Through Critical Housing" (PATCH) Program To Provide Structural Housing Repairs To Income-Qualified Homeowners And Preserve Long-Term Housing Stability (Baca and Pe?a)
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ESTABLISHING THE "PRESERVING ALBUQUERQUE THROUGH CRITICAL HOUSING" (PATCH) PROGRAM TO PROVIDE STRUCTURAL HOUSING REPAIRS TO INCOME-QUALIFIED HOMEOWNERS AND PRESERVE LONG-TERM HOUSING STABILITY.
BE IT ORDAINED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
SECTION 1. A new Article 27 in Chapter 14 of the Revised Ordinances of Albuquerque, 1994 is adopted as follows:
? 14-27-1 SHORT TITLE. This "Preserving Albuquerque Through Critical Housing" Program Ordinance shall be known and may be cited as the "PATCH Program Ordinance."
? 14-27-2 PURPOSE. The purpose of this Ordinance is for the City or its designee to administer a housing rehabilitation program to provide income-qualified homeowners with financial support to make critical health, safety, and structural repairs. The program is designed to preserve long-term homeownership, stabilize neighborhoods, and maximize the public benefit of housing investment.
? 14-27-3 DEFINITIONS.
AFFORDABILITY PERIOD. A recorded agreement that runs with the land and includes restrictions on use of the property. The length of the affordability period depends on the amount of the investment in the property, as outlined below:
INVESTMENT AMOUNT AFFORDABILITY PERIOD
Less than $15,000 5 years
$15,000 - $40,000 10 years
More than $40,000 15 years
HEALTH AND SAFETY REPAIRS. Structural, utility, and environmental repairs necessary to ensure safe occupancy of a home.
LOW-INCOME. Household income at or below 80% of Area Median Income (AMI), as defined and measured by the U.S...
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