§ 2B-12. Composition.

(a) In general.

The Board is comprised of the following 10 members:

(1) 4 members appointed by the Mayor and confirmed by the City Council in accordance with City Charter article IV, § 6; and

(2) 3 members nominated by the Council President, appointed by the Mayor, and confirmed by the City Council in accordance with City Charter Article IV, § 6;

(3) the Housing Commissioner or the Housing Commissioner's designee;

(4) the Planning Director or the Planning Director's designee; and

(5) the Director of the Office of Equity and Civil Rights or the Director's designee, who shall serve as a non-voting member of the Board.

(b) Qualifications – General.

(1) Of the 4 members appointed by the Mayor:

(i) 1 must be a for-profit developer with experience in public financing;

(ii) 1 must be a lender or investor with experience in multi-family projects and public financing or a mixed income or multi-family developer;

(iii) 1 must have experience in housing, community development, planning, social services, or public health; and

(iv) 1 must be a renter earning an income at or below 60% AMI.

(2) Of the 3 members nominated by the Council President:

(i) 1 must be a for-profit multi-family developer that uses public financing, subsidies, or tax credits;

(ii) 1 must be a nonprofit affordable housing developer; and

(iii) 1 must be a renter earning an income at or below 60% AMI.

All of the members must be residents of the City.