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25G - AGMT - INCLUSIONARY HOUSING AGMT
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25G - AGMT - INCLUSIONARY HOUSING AGMT
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Last modified
4/2/2015 4:28:32 PM
Creation date
4/2/2015 3:22:49 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25G
Date
4/7/2015
Destruction Year
2020
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ii. National Older American Volunteer Programs for persons <br />aged 60 and over which include Retired Senior Volunteer <br />Programs, Foster Grandparent Program, Older American <br />Community Services Program, and National Volunteer <br />Program to Assist Small Business Experience, :Service <br />Corps of Retired Executive (SCORE) and Active Carps of <br />Executives (ACE). <br />HomGbuyer means an Eligible Purchaser that has executed an agreement to <br />purchase an Inclusionary Unit. <br />Household means all the persons who will occupy the Incluslonary Unitas their <br />Primary Residence. A child who is subject to a legally- binding shared - custody <br />agreement, in which the child resides with the Household at least 50% of the <br />time, is counted as a member of the Household. Excluded from the definition of <br />Household are live -in caregivers/caretakers, foster children, unborn children and <br />children being pursued for legal custody or adoption that are riot currently living <br />with the Household. <br />Housing Cost means and includes all of the following costs associated with <br />ownership of an Inclusionary Unit as defined in Title 25 of the California Code of <br />Regulations Section 6920: <br />Principal and Interest on a mortgage loan at the defined interest rate; <br />2, Property tax and assessments; <br />I Fire and casualty insurance covering replacement value of property <br />improvements; <br />4. Property maintenance and repairs; <br />A reasonable utility allowance, as determined by the City; and <br />Homeowner Association assessments and dices <br />HCD means the California Department of Housing and Community Development.. <br />HIED means the United States Department of Housing and Urban Development. <br />Inclusionary Housing Voornont - Dwnorship Prsioal P ©Ba 7 <br />City of Santa Ana <br />25G -9 <br />
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