My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
19H - INCLUSIONARY AGMT 1901 E FIRST ST
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2014
>
11/18/2014
>
19H - INCLUSIONARY AGMT 1901 E FIRST ST
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/13/2014 6:36:09 PM
Creation date
11/13/2014 3:30:47 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
19H
Date
11/18/2014
Destruction Year
2019
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
126
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
DEFINITIONS OF TERMS <br />Adjusted Household Size Appropriate for the Unit is based on the H &SC <br />Section 50053 definition, and is only used in the Affordable Housing Cost <br />calculations. For Affordable Housing Cost calculation purposes, the household <br />size is set at one person in the case of a studio unit, two persons in the case of a <br />one - bedroom unit, three persons in the case of a two- bedroom unit, four persons <br />in the case of a three - bedroom unit, and five persons in the case of a four - <br />bedroom unit. This household size standard is used in the Affordable Housing <br />Cost calculations; it is not an occupancy limit. <br />Administrative Procedures means the Affordable Rental Housing <br />Administrative Procedures promulgated by the Executive Director pursuant to the <br />Ordinance. <br />Administrative Procedures Manual is the Affordable Rental Housing <br />Administrative Procedures Manual dated 2014, which has been <br />prepared by the City for the implementation and enforcement of the Ordinance. <br />A copy of the Administrative Procedures Manual shall be maintained on file with <br />the City, and shall be provided to each Property Owner that is subject to the <br />Ordinance requirement. <br />Adult means a person 18 years of age or older. <br />Affordability Covenants shall mean the Gross Household Income and <br />Affordable Rent standards that will be applied to the Inclusionary Units <br />throughout the Affordability Period. These covenants will be defined in an <br />Inclusionary Housing Agreement. <br />Affordability Period shall be set at 55 years from the Recordation Date. <br />Affordable Housing Cost means the maximum costs that can be borne by <br />Very-Low Income Households and Low Income Households based on the <br />requirements imposed by H &SC Section 50053. The calculation methodology is <br />described in Section IV of the Administrative Procedures Manual. <br />Affordable Rent shall mean the Affordable Housing Cost minus the applicable <br />Utilities Allowance for each Inclusionary Unit. <br />Affordable Rental Housing Administrative Procedures Page 1 <br />1407003.SNA August 8, 2014 <br />19H -83 <br />
The URL can be used to link to this page
Your browser does not support the video tag.