.010 As a condition of approval of any conditional use permit for any senior citizens' apartment project, and prior to issuance of any building permits for the project, the property owner(s) shall be required to agree to construct at least forty-nine percent (49%) the total number of senior citizens' dwelling units within such project for very low income households (affordable units).
.020 The term “Very Low Income Households,” as used in this section shall mean households having an income not exceeding fifty percent (50%) of the median family income, adjusted for family size.
.030 Affordable monthly rents are established at thirty percent (30%) of thirty-five percent (35%) of the median family income for twenty-five percent (25%) of the units, and thirty percent (30%) of fifty percent (50%) for twenty-four percent (24%) of the units, adjusted for family size and divided by twelve (12) for the standard metropolitan statistical area within which the City of Anaheim is included, as published by the United States Department of Housing and Urban Development; provided that, in the event such publication is discontinued, the City of Anaheim shall have the right to designate or rely on an alternate source for such statistical information.
.040 The property owner(s) shall be required to execute and record an agreement with the City of Anaheim, agreeing to the requirements of this section. The agreement shall be acceptable to, and approved by, the Community Development Department and the City Attorney's Office, and shall include, but need not be limited to, the following provisions:
.0401 Identification of the affordable units;
.0402 The initial rent for each unit;
.0403 The method of calculating periodic rental increases;
.0404 A minimum term of thirty (30) years on the control of rent for the affordable units; and
.0405 The right of the Community Development Department to supply, or otherwise approve, the qualifications of the very low income households which will rent the affordable units.
.050 The requirements of this section shall be in addition to, and the affordable units herein required shall not be counted toward, any density bonus for which the developer may otherwise apply pursuant to Section 65915 of the California Government Code. (Ord. 5920 § 1 (part); June 8, 2004.)