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Moderate -income units means inclusionary units restricted to occupancy by <br />Moderate -income households at an affordable housing cost. <br />P4pe4pe Prior project means any project for which an application was submitted and <br />the application was deemed complete prior to August 4, 2015. <br />Regulatory agreement means an agreement entered into between the City of Santa <br />Ana or the Santa Ana Community Development Agency and a developer by which the <br />developer covenants to keep certain housing units at an affordable housing cost for a <br />specified period of time. <br />Rehabilitated units/rehabilitation means the improvement of a unit in substandard <br />condition to a decent, safe and sanitary level. Units are in substandard condition when, <br />while they may be structurally sound, they do not provide safe and adequate shelter, <br />and in their present condition endanger the health, safety or well-being of the <br />occupants. <br />Residential project/project means any of the following: <br />A subdivision resulting in the creation of five (5) or more residential lots or <br />residential condominium units; or <br />The new construction of a project consisting of five (5) or more multi -family units; or <br />The new construction of five (5) or more separate houses or dwelling units; or <br />The conversion of five (5) or more existing residential rental units to condominium <br />ownership. <br />Target area means that area designated by the city from time to time, on an as - <br />needed basis, as a priority area for rehabilitation due to health and safety concerns. <br />Total housing costs the total monthly or annual recurring expenses required of a <br />household to obtain shelter. For a rental unit, total housing costs shall include the <br />monthly rent payment and utilities paid by the tenant (excluding telephone and <br />television). For an ownership unit, total housing costs shall include the mortgage <br />payment (principal and interest), insurance, homeowners' association dues (if <br />applicable), private mortgage insurance (if applicable), taxes, utilities, an allowance for <br />maintenance and any other related assessments. <br />■- - <br />75B-31 <br />