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<baltimore-city-law heading="§ 2B-24 Annual report – Residential project.">
  <section prefix="§" num="2B-24" heading="Annual report – Residential project.">
    <para num="(a)">Residential projects subject to the affordability requirements of this subtitle must submit an annual report to the Department and the Inclusionary Housing Board.</para>
    <para num="(b)">The contents of the annual report required under subsection (a) of this section must include:<para num="(1)">the number of affordable units in the residential project for each income level applicable under this subtitle;</para>
      <para num="(2)">the square footage of each bedroom in each affordable unit;</para>
      <para num="(3)">whether an affordable unit is leased and occupied at the time of the report and to which income level the tenant belongs;</para>
      <para num="(4)">whether or not the residential project is in compliance with the inclusionary housing plan;</para>
      <para num="(5)">the number of tenants, delineated by group, occupying affordable units who were identified as belonging to a group least likely to lease as a result of the affirmative marketing required under &lt;cite data-path="13|I|2B|III|2B-22|(b)"&gt;§ 2B-22(b) {“Inclusionary housing plan requirements”}&lt;/cite&gt; of this subtitle;</para>
      <para num="(6)">an accounting of the monthly rent collected for each affordable unit for that year, as prepared by an independent accountant;</para>
      <para num="(7)">a comparison, displayed as both a number and percentage, of the monthly rent collected for each affordable unit against the monthly rent that could have been collected if each affordable unit was a market-rate unit, as prepared by an independent accountant;</para>
      <para num="(8)">an accounting of the efficacy of the high-performance inclusionary tax credit;</para>
      <para num="(9)">the type of major public subsidy that made the residential project subject to the affordability unit requirements of this subtitle; and</para>
      <para num="(10)">any additional information related to compliance with this subtitle or any rules and regulations issued under this subtitle as determined by the Commissioner.</para>
    </para>
    <para num="(c)">The Commissioner will prominently post all annual reports required under subsection (a) of this section on the City’s website.</para>
    <annotation type="History">Ord. 07-474</annotation>
    <annotation type="History" />
    <annotation type="History" />
    <annotation type="History" />
    <annotation type="History" />
  </section>
</baltimore-city-law>
