§ 42–2802.01. Housing Production Trust Fund Board.

(a) There is hereby established a Housing Production Trust Fund Board. The Board shall advise the Mayor on the development, financing, and operation of the Fund and other matters related to the production of housing for low-income, very low-income, and extremely low-income households. The Board may review the uses of the Fund for their conformity with the purposes of this chapter and the Board shall have reasonable access to records related to the Fund to perform this review.

(b) The Board shall be composed of 9 members, selected as follows:

(1) One member shall be a representative of the financial services industry.

(2) One member shall be a representative of the nonprofit housing production community.

(3) One member shall be a representative of the for-profit housing production industry.

(4) One member shall be a representative of an organization that advocates for the production, preservation, and rehabilitation of affordable housing for lower-income households.

(5) One member shall be a representative of the low-income tenant association.

(6) One member shall be a representative of an organization that advocates for people with disabilities.

(7) The remaining 3 members shall have significant knowledge of an area related to the production, preservation, and rehabilitation of affordable housing for lower-income households.

(c) The members of the Board shall be appointed by the Mayor within 50 days of April 19, 2002, with the advice and consent of the Council.

(d) The terms of the members of the Board shall be 4 years; provided, that of the initial 9 members of the Board, the Mayor shall appoint 5 members to serve 2-year terms.

(e) No member of the Board may serve more than 2 terms.

(f) The Chairperson of the Board shall be designated by the Mayor with the advice and consent of the Council.