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Title 13 — Planning, Zoning and DevelopmentChapter XVII — AFFORDABLE HOUSING ORDINANCE

§ 13-334. Affordable housing trust fund.

Costa Mesa Zoning Code · 2026-06 edition · updated 2026-07-25 · Costa Mesa

All in-lieu fees, promissory note repayments, shared appreciation payments and other funds collected under this chapter shall be deposited into a separate account to be designated as the City of Costa Mesa Affordable Housing Trust Fund. The city may elect to deposit funds from other sources into this affordable housing trust fund. The moneys and all earnings from investments of the moneys in the affordable housing trust fund shall be expended exclusively to provide or assure continued provision of affordable housing in the city through, including, but not limited to, acquisition, construction, development assistance, rent subsidies, or first-time homebuyer programs, and for the associated costs of administering and monitoring these programs. (Ord. No. 2024-02, 8/6/2024)

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Contents — Costa Mesa Zoning Code

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