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Will property taxes be paid on Council-owned property? State law exempts public housing units from all real and personal property taxes of cities, counties and the state. Rather,Jhe Council is required to pay PILOT, Payment in Lieu of Taxes. Under State law, PILOT payments generally equal five percent of gross rents charged to a family. However, as provided for under federal law, Council PILOT payments for FAHP units will be 10% of gross rents charged to each family. Payments are made annually to the county in which the property is located. The county is then responsible for distributing that payment to the various taxing authorities. Why should cities participate in the F AHP? There are many reasons why cities will choose to participate in the Council's Family Affordable Housing Program: ~ Quality improvements will be made to all properties purchased by the Council, thus improving the quality of the overall housing stock. ~ FAHP units will help obtain the affordable rental housing goals detailed in Roseville's comprehensive plan. ~ At least thirty percent of all F AHP units will be leased to Roseville residents. ~ Participation in F AHP may potentially gain'additional points on upcoming transportation funding applications cities submit to the Council for consideration. ~ ,Roseville will be provided with long-term, quality, work-force housing for families. ~ Roseville residents will not be displaced ~ the Council will only purchase vacant units or units for sale by their owner occupant. , ~ F AHP -Units will be' rental hous~g that is professionally managed, with resident. screening that Will help ensure'residents have a successful rental experience. ~ Appropriate services will be provided to residents, particularly in the area of job attainment and job enhancement. ~ The Council will work with Roseville staff to ensure acquisition efforts do not interfere with redevelopment plans or opportunities. Family Affordable Housing Program Fact Sheet 7 May 2001 Page 3 of3