As used in this article, the following terms shall have the following meanings:
ADJUSTED FOR HOUSEHOLD SIZE APPROPRIATE FOR THE UNIT: | For a household of one (1) person in the case of a studio unit, two (2) persons in the case of a one-bedroom unit, three (3) persons in the case of a two-bedroom unit, four (4) persons in the case of a three-bedroom unit, and five (5) persons in the case of a four-bedroom unit. |
AFFORDABLE HOUSING COST: | The total housing costs paid by a qualifying household, which shall not exceed a specified fraction of its gross income, adjusted for household size appropriate for the unit, as follows: 1. Very low-income households, rental or for-sale units: Thirty percent (30%) of fifty percent (50%) of the Los Angeles County median income. 2. Low-income households, rental units: Thirty percent (30%) of sixty percent (60%) of the Los Angeles County median income. 3. Low-income households, for-sale units: Thirty percent (30%) of seventy percent (70%) of the Los Angeles County median income. 4. Moderate-income households, rental units: Thirty percent (30%) of one hundred ten percent (110%) of the Los Angeles County median income. 5. Moderate-income households, for sale units: Thirty-five percent (35%) of one hundred and ten percent (110%) of the Los Angeles County median income. |
AFFORDABLE HOUSING TRUST FUND: | Shall have the meaning set forth in section 10-3-4808 below. |
DEVELOPER: | Any person, firm, partnership, association, joint venture, corporation, or any entity or combination of entities, which seeks city approvals for all or part of a residential development. |
DEVELOPMENT AGREEMENT: | An agreement entered into between the city and a developer pursuant to California Government Code section 65864 et seq. |
DIRECTOR: | The city's Director of Community Development. |
DWELLING UNIT: | One (1) or more rooms, designed, occupied, or intended for occupancy as separate living quarters, with full cooking, sleeping, and bathroom facilities for the exclusive use of a single household. |
HCD: | The California Department of Housing and Community Development. |
HUD: | The United States Department of Housing and Urban Development. |
INCLUSIONARY HOUSING AGREEMENT: | A legally binding agreement between a developer and the city, in form and substance satisfactory to the director and city attorney, setting forth those provisions necessary to ensure that the requirements of this article are satisfied. |
INCLUSIONARY HOUSING PLAN: | The plan referenced in section 10-3-4804 below, as may be augmented by administrative guidelines formulated by the Director of Community Development, which sets forth the manner in which the requirements of this article will be implemented for a particular residential development. |
INCLUSIONARY UNIT: | A dwelling unit that will be offered for occupancy by very-low, low-, or moderate-income households, at an affordable housing cost, pursuant to this article. |
IN-LIEU FEE: | A fee paid to the city by a developer instead of providing the required inclusionary units within the residential development. |
LOW-INCOME HOUSEHOLDS: | Households whose gross income is greater than fifty percent (50%) and does not exceed eighty percent (80%) of the median income for Los Angeles County as determined annually by HCD based on household income data promulgated by HUD. |
MARKET RATE UNITS: | Those dwelling units in a residential development that are not inclusionary units. |
MODERATE-INCOME HOUSEHOLDS: | Households whose gross income is greater than eighty percent (80%) and does not exceed one hundred and twenty percent (120%) of the median income for Los Angeles County as determined annually by HCD based on household income data promulgated by HUD. |
RESIDENTIAL DEVELOPMENT: | The construction, development, or subdivision of property, including condominium conversions, resulting in five (5) or more lots or dwelling units, including dwelling units in mixed-use projects. |
VERY-LOW-INCOME HOUSEHOLDS: | Households whose gross income is equal to fifty percent (50%) or less of the median income for Los Angeles County as determined annually by HCD based on household income data promulgated by HUD. (Ord. 19-O-2797, 12-17-2019; amd. Ord. 20-O-2823, eff. 11-10-2020; Ord. 21-O-2850, eff. 11-26-2021) |