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19H - INCLUSIONARY AGMT 1901 E FIRST ST
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19H - INCLUSIONARY AGMT 1901 E FIRST ST
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Last modified
11/13/2014 6:36:09 PM
Creation date
11/13/2014 3:30:47 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
19H
Date
11/18/2014
Destruction Year
2019
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Program Director has the day -to -day authority for making determinations <br />related to the Ordinance and this Administrative Procedures Manual. The <br />Program Director will be appointed by the Executive Director. <br />Project means the rental housing project proposed to be developed on the <br />Property at the Property Owner's sole cost and expense. <br />Property means the real property on which the Project is to be developed, for <br />which the legal description Is provided in Exhibit 1 to the Inclusionary Housing <br />Agreement. <br />Property Owner shall mean the owner of the Project that includes Inclus €onary <br />Units. <br />Recordation Date means the date of recording in the Official Records of the <br />County of Orange, California of the Inclusionary Housing Agreement. <br />Utilities Allowance shall mean the Utility Allowance Schedule published <br />annually by the Orange County Housing Authority. <br />Very-Low Income refers to Households whose incomes meet the standards <br />defined by the H &SC Section 50105. Generally Very-Low Income means <br />household income that does not exceed 50% of the County Median Income, as <br />adjusted for Household size. The maximum household income amount for Very- <br />Low Income Households shall be set at the amount published by HCD annually. <br />Very-Low Income Household means individuals or Households who have an <br />adjusted Gross Household Income that does not exceed Very-Low Income. <br />Affordable Rental Housing Administrative Procedures Page 7 <br />1407003.SNA August 8, 2014 <br />19H -89 <br />
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