The Housing Trust Fund was established in 2006 by the City
Council to address the City's affordable housing needs.
Motion Approved by the City Council on October 18, 2010
Documents adopted by the City Council to Guide Lake
Forest Affordable Housing Policy
Housing Trust
Fund Code Provisions
Amended January 3, 2011, to expand the membership of the
Housing Trust Fund Board and clarify the Board's role.
Resolution to
Support and Encourage the Development of Affordable/Diverse
Housing(91k
- 3 pages)
Approved 2003: A resolution passed by the City Council in
support of creating affordable housing in Lake Forest for those who are
income qualified and live or work in the community.
The City of Lake Forest Affordable Housing Plan(100k
- 27 pages)
Approved 2005 and Updated 2010: A policy report that identifies the City's goals for the
creation of affordable housing and incentives that
will be considered in order to achieve those goals. The Plan also identifies
areas within the City that are appropriate for the
development of affordable housing.
Inclusionary Housing Ordinance(55k
- 16 pages)
Approved 2005: Requires developers of private market rate
housing to set aside 15% of the housing units for affordable
housing to a range of household income levels. This
ordinance applies to attached single-family and multi-family
residential developments of 5 units or more.
Demolition Tax Ordinance(105k
- 7 pages)
Approved 2006: Assesses a $10,000 tax for the demolition of
single and two-family homes and $5,000 per unit for
multi-unit buildings. Half of the tax is allocated directly
to the Lake Forest Housing Trust Fund. The other half
is allocated to the City's General Fund.
Resolution in Support of
Interjurisdictional Cooperation
(75k
- 2 pages) Approved 2008: A resolution passed by the
City Council that encourages cooperation with
adjacent municipalities in an effort to address the
affordable housing shortage on the North Shore.
Other Background Information
Housing Survey Results (313k
- 29 pages)
Affordable Housing Question and Answer Brochure (50k
- 2 pages)
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