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Chapter 286-1 ORGANIZATION AND DEFINITIONS

Rule 286-1-.01 Board of Commissioners

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.

Rule 286-1-.02 Definitions

(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.