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CITY COUNCIL DRAFT <br />(viii) The value of coupon allotments for the purchase of food <br />pursuant to the Food Stamp Act of 1964 which is in excess of the amount actually charged the <br />eligible Household; <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 />1.1.25 "Homebuyer" means an Eligible Household that has entered into an <br />agreement to purchase an Affordable Unit in accordance with this Agreement. <br />1.1.26 "Homebuyer Documents" means the Affordable Housing Resale <br />Restrictions, the City Promissory Note, and the City Deed of Trust. <br />1.1.27 "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 size <br />of the Affordable Unit to be purchased. Unless otherwise approved in writing by the City, which <br />the City may withhold in its reasonable discretion, the minimum number of occupants is three (3) <br />for three -bedroom units and four (4) for four -bedroom units. A child who is subject to a legally - <br />binding shared -custody agreement, in which the child resides with the Household at least 50% of <br />the time, is counted as a member of the Household. For the purpose of calculating the Household <br />income and not the number of occupants, excluded from the definition of Household are live-in <br />caregivers/caretakers, foster children, unborn children and children being pursued for legal custody <br />or adoption that are not currently living with the Household. <br />1.1.28 "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 Regulations <br />Section 6920: <br />improvements; <br />(a) Principal and interest on a mortgage loan at the defined interest rate; <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 />Page 6 <br />5 53 94.0010 1 \43721567.2 <br />