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"Executive Director" means the Executive Director of Community Development for <br />the City of Santa Ana. <br />"Inclusionary Housing Agreement" means a legally binding agreement between the <br />Developer and the City, in a form and substance satisfactory to the Executive <br />Director and the City Attorney, and containing those provisions necessary to ensure <br />that the requirements of this Article are satisfied, whether through the provision of <br />Inclusionary Units or through an approved alternative method. <br />"Inclusionary Housing Fund" means the fund created by the City of Santa Ana in <br />which all fees collected in compliance with this Article shall be deposited. <br />"Inclusionary Housing Plan" means the plan submitted by the Developer, in a form <br />specified by the Executive Director, detailing how the provisions of this Article will <br />be implemented for the proposed Residential Project. <br />"Inclusionary Unit" means a dwelling unit that will be offered for sale or rent to low <br />or Moderate-Income Households, at an affordable housing cost, in compliance with <br />this Article. <br />"Low-Income Households" means "lower income households" as that term is <br />defined by Section 50079.5 of the Health & Safety Code. <br />"Low-Income Units, Moderate-Income Units, and Very Low-Income Units" means <br />Inclusionary Units restricted to occupancy by low, moderate, or Very Low-Income <br />Households, respectively, at an affordable housing cost. <br />"Market Rate Units" means dwelling units in a Residential Project that are not <br />Inclusionary Units. <br />"Moderate-Income Households" means "persons and families of low or moderate <br />income" as that term is defined by Section 50093 of the Health & Safety Code. <br />"Administrative Procedures" means those regulations promulgated by the <br />Executive Director pursuant to Section 41-1910 of this Article. <br />"Regulatory Agreement" means an agreement entered into between the City of <br />Santa Ana or the Santa Ana Community Redevelopment Agency and a Developer <br />by which the Developer covenants to keep certain housing units at an affordable <br />housing cost for a specified period of time. <br />"Residential Project" means any of the following: <br />A subdivision resulting in the creation of 5 or more residential lots or <br />residential condominium units; or <br />Ordinance No. NS-2825 <br />Page 6 of 17