A.  Portland Housing Bureau shall select the applications which meet the minimum threshold requirements (see Section 3.103.40) and provide the most public benefit to the City (see Section 3.103.50).  The Portland Housing Bureau Housing Investment Committee shall review the selected applications and determine which should proceed towards approval.  Applicants with selected applications shall pay an application fee.

B.  Portland Housing Bureau shall present the selected applications to the Portland Housing Advisory Commission at a public hearing, for which notice will be given and public testimony will be heard.

C.  Portland Housing Bureau shall take applications to City Council for approval in the form of an ordinance and deliver a list of the approved applications toMultnomahCountywithin the timeframe set forth in ORS 307.621.

D.  If construction of an approved project is not completed or an application for exemption is not received within the timeframe described in ORS 307.637, Portland Housing Bureau may extend the deadline consistent with ORS 307.634.