Pawling, N.Y., Code of Ordinances ch. 55 (eCode360 ed. 2026) § 55-10

The members of the Affordable Housing Board selected under the provisions of § 55-9 above shall serve, ex officio, as the Board of Directors of a separate and legally distinct corporation, incorporated under the Not-for-Profit Corporation Law of the State of New York. Appropriate officials and agencies of the Town of Pawling are hereby empowered to enter into contractual agreements with this corporation to enable it to operate an Affordable Housing Trust Fund and an Affordable Housing Land Bank for the specific purpose of furthering the objectives of this chapter. It shall be the responsibility of the Affordable Housing Board to promulgate any and all necessary rules and regulations to implement the requirements, intent and purpose of this § 55-10 . A. Trust fund. Upon enactment of this chapter, the Town Board shall cause to be created an account or accounts in a local financial institution or institutions for the purpose of receiving and holding moneys to construct and promote affordable housing. Moneys in this fund shall be held in escrow and shall be used for the sole purpose of creating affordable housing. (1) Operation of trust fund. The Town Board shall cause to be deposited any and all funds designated for affordable housing in these accounts. The Town Board, or the Affordable Housing Board, as empowered by the Town Board, shall monitor said funds and shall be responsible to produce regular quarterly reports regarding the activity of said funds. (2) Withdrawal of funds. Funds may be withdrawn from the Affordable Housing Trust Fund solely for the purpose of promoting and assisting in the creation or purchase of affordable housing units or land for affordable housing. Such projects shall first be deemed appropriate by the Affordable Housing Board and shall receive from that body. Projects may include but are not limited to financing of affordable housing construction, purchase of affordable housing units, contribution to infrastructure costs to buy down the cost of construction of affordable housing units or any of a number of other means deemed appropriate by the Affordable Housing Board. Withdrawal of moneys from or use of the trust fund for purposes not associated with affordable housing is strictly prohibited. All fund withdrawals must receive the approval of the Town Board. B. Land bank. Upon enactment of this chapter, the Town Board shall cause to be created an Affordable Housing Land Bank. The land bank shall hold and acquire land in the Town of Pawling for the sole purpose of promoting the development of affordable housing. (1) Intent. Land distributed or developed by the land bank shall conform to the goals of the Town and Dutchess County Master Plans. The Affordable Housing Board shall seek guidance from the Town Planning Board when deciding upon the utilization of specific parcels to ensure the proper integration of said parcels within the overall pattern of development in the Town and to ensure compliance with the Town and County Master Plans. (2) Land bank operation. This land bank shall be administered by the Affordable Housing Board. The Affordable Housing Board shall, in consultation with the Town Tax Assessor, maintain a roll of all properties owned by the Town for use for affordable housing purposes. Said Board shall also keep an up-to-date map of the parcels within the Town that are under its jurisdiction. In addition, the Affordable Housing Board shall maintain a target list of properties. These target properties shall be those that are of special value to the purpose of developing affordable housing. This target list shall be continually updated and regularly made available to the Planning Board. (3) Land utilization. The Affordable Housing Board may utilize land held by the land bank by: (a) Seeking requests for proposals (RFP's) to develop land owned by the land bank. (b) Contracting with developers who will agree to construct and maintain affordable housing. (c) Allowing developers in other parts of the Town to transfer development rights to such parcels. (d) Other techniques deemed appropriate by the Town Board and Planning Board for the implementation of affordable housing. (4) Resale. Land owned by such land bank shall be used expressly for construction and development of affordable housing. The Town Board or Affordable Housing Board are hereby forbidden from selling, contracting or otherwise using land governed by the land bank for purposes other than those stated above.