§ 45-60-3 General powers and duties of theboard. – (a) The board shall have all of the powers necessary and convenient to carryout and effectuate the purposes and provisions of this chapter, including,without limitation, those general powers provided to a nonprofit corporationand including, without limiting the generality of the foregoing, the power to:
(1) Upon application from an eligible applicant in a formprescribed by the board, provide funding in the form of grants, loans, loanguarantees, lines of credit, rental assistance or any other means determined tofurther the goals of the trust for eligible activities;
(2) Enter into cooperative agreements with privateorganizations or individuals or with any agency or instrumentality of theUnited States or of this state or town to carry out the purposes of thischapter;
(3) Purchase, sell, build, develop or restore real estate,the objective of which is to create affordable year-round and seasonal housingin perpetuity;
(4) Sell property to eligible applicants, such property maybe deed-restricted such that affordability will remain in perpetuity;
(5) Rent or lease real estate the board may own or lease fromothers;
(6) Solicit bequests and accept donations;
(7) The selling to or renting/leasing to applicants will bedone in accordance with the provisions of the Rhode Island Fair HousingPractices Act, chapter 37 of title 34;
(8) Collect taxes on behalf of the town of New Shoreham fromthose owners engaged in the business of renting, leasing, letting, or grantinga license to use any seasonal rental in accordance with §§ 45-60-6and 45-60-7, and the taxes so imposed shall be in addition to all other taxesimposed by law.
(b) The board shall adopt reasonable rules and regulationsgoverning the conduct of trust affairs, including the acquisition andmanagement of its holdings, not inconsistent with the provisions of thischapter. All rules and regulations of the trust are subject to the approval ofthe town council.
(c) All meetings of the housing board shall be open to thepublic except that this provision shall not be deemed to prevent holding ofexecutive sessions, provided all votes are taken in public or closed meetingwith recorded vote taken in accordance with chapter 46 of title 42, the RhodeIsland open meetings law.
§ 45-60-3 General powers and duties of theboard. – (a) The board shall have all of the powers necessary and convenient to carryout and effectuate the purposes and provisions of this chapter, including,without limitation, those general powers provided to a nonprofit corporationand including, without limiting the generality of the foregoing, the power to:
(1) Upon application from an eligible applicant in a formprescribed by the board, provide funding in the form of grants, loans, loanguarantees, lines of credit, rental assistance or any other means determined tofurther the goals of the trust for eligible activities;
(2) Enter into cooperative agreements with privateorganizations or individuals or with any agency or instrumentality of theUnited States or of this state or town to carry out the purposes of thischapter;
(3) Purchase, sell, build, develop or restore real estate,the objective of which is to create affordable year-round and seasonal housingin perpetuity;
(4) Sell property to eligible applicants, such property maybe deed-restricted such that affordability will remain in perpetuity;
(5) Rent or lease real estate the board may own or lease fromothers;
(6) Solicit bequests and accept donations;
(7) The selling to or renting/leasing to applicants will bedone in accordance with the provisions of the Rhode Island Fair HousingPractices Act, chapter 37 of title 34;
(8) Collect taxes on behalf of the town of New Shoreham fromthose owners engaged in the business of renting, leasing, letting, or grantinga license to use any seasonal rental in accordance with §§ 45-60-6and 45-60-7, and the taxes so imposed shall be in addition to all other taxesimposed by law.
(b) The board shall adopt reasonable rules and regulationsgoverning the conduct of trust affairs, including the acquisition andmanagement of its holdings, not inconsistent with the provisions of thischapter. All rules and regulations of the trust are subject to the approval ofthe town council.
(c) All meetings of the housing board shall be open to thepublic except that this provision shall not be deemed to prevent holding ofexecutive sessions, provided all votes are taken in public or closed meetingwith recorded vote taken in accordance with chapter 46 of title 42, the RhodeIsland open meetings law.
§ 45-60-3 General powers and duties of theboard. – (a) The board shall have all of the powers necessary and convenient to carryout and effectuate the purposes and provisions of this chapter, including,without limitation, those general powers provided to a nonprofit corporationand including, without limiting the generality of the foregoing, the power to:
(1) Upon application from an eligible applicant in a formprescribed by the board, provide funding in the form of grants, loans, loanguarantees, lines of credit, rental assistance or any other means determined tofurther the goals of the trust for eligible activities;
(2) Enter into cooperative agreements with privateorganizations or individuals or with any agency or instrumentality of theUnited States or of this state or town to carry out the purposes of thischapter;
(3) Purchase, sell, build, develop or restore real estate,the objective of which is to create affordable year-round and seasonal housingin perpetuity;
(4) Sell property to eligible applicants, such property maybe deed-restricted such that affordability will remain in perpetuity;
(5) Rent or lease real estate the board may own or lease fromothers;
(6) Solicit bequests and accept donations;
(7) The selling to or renting/leasing to applicants will bedone in accordance with the provisions of the Rhode Island Fair HousingPractices Act, chapter 37 of title 34;
(8) Collect taxes on behalf of the town of New Shoreham fromthose owners engaged in the business of renting, leasing, letting, or grantinga license to use any seasonal rental in accordance with §§ 45-60-6and 45-60-7, and the taxes so imposed shall be in addition to all other taxesimposed by law.
(b) The board shall adopt reasonable rules and regulationsgoverning the conduct of trust affairs, including the acquisition andmanagement of its holdings, not inconsistent with the provisions of thischapter. All rules and regulations of the trust are subject to the approval ofthe town council.
(c) All meetings of the housing board shall be open to thepublic except that this provision shall not be deemed to prevent holding ofexecutive sessions, provided all votes are taken in public or closed meetingwith recorded vote taken in accordance with chapter 46 of title 42, the RhodeIsland open meetings law.
