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PLANNING COMMISSION DRAFT <br />SUBJECT TO CITY COUNCIL APPROVAL <br />(ix) Payments received pursuant to participation in the <br />following volunteer programs under the ACTION Agency: <br />(1) National Volunteer Antipoverty Programs which <br />include VISTA, Service Learning Programs and Special Volunteer Programs. <br />(c) National Older American Volunteer Programs for persons aged 60 <br />and over which include Retired Senior Volunteer Programs, Foster Grandparent Program, Older <br />American Community Services Program, and National Volunteer Program to Assist Small <br />Business Experience, Service Corps of Retired Executive (SCORE) and Active Corps of <br />Executives (ACE) <br />1.1.22 "Homebuyer" means an Eligible Household that has entered into an <br />agreement to purchase an Affordable Unit in accordance with this Agreement. <br />1.1.23 "Household" means all the persons who will occupy the Affordable Unit <br />as their primary residence. The size of a prospective Household must be compatible with the <br />size of the Affordable Unit to be purchased. The minimum number of occupants is three (3) for <br />the three -bedroom units and four (4) for the four -bedroom units. The maximum number of <br />occupants is eight (8). A child who is subject to a legally -binding shared -custody agreement, in <br />which the child resides with the Household at least 50% of the time, is counted as a member of <br />the Household. For the purpose of calculating the Household income and not the number of <br />occupants, excluded from the definition of Household are live-in caregivers/caretakers, foster <br />children, unborn children and children being pursued for legal custody or adoption that are not <br />currently living with the Household. <br />1.1.24 "Housing Cost" means and includes all of the following costs associated <br />with ownership of an Inclusionary Unit as defined in Title 25 of the California Code of <br />Regulations Section 6920: <br />rate; <br />improvements; <br />(a) Principal and interest on a mortgage loan at the defined interest <br />(b) Property tax and assessments; <br />(c) Fire and casualty insurance covering replacement value of property <br />(d) Property maintenance and repairs; <br />(e) A reasonable utility allowance, as determined by the City; and <br />(f) Homeowner Association assessments and dues. <br />1.1.25 "Median Income" means the Orange County, California area median <br />income, adjusted for family size appropriate to the unit pursuant to California Health and Safety <br />Code § 50052.5(h), as periodically published by HCD. <br />55394.00101\n^^^'�.-.a4,7 ' 42998272.1 <br />