(a) For-rental affordable dwelling units created in compliance with this chapter must be rented to households earning the percentage of the AMI specified in Table 29-1.4, at prices affordable to such households, and must remain affordable for not less than 30 years after the date when the unit is initially rented to a qualified renter.
(b) For-sale affordable dwelling units created in compliance with this chapter must be offered for sale to households earning the percentage of the AMI specified in Table 29-1.4, at prices affordable to such households, and must remain affordable for not less than the period specified in Table 29-1.4, based on the applicable percentage of the total number of dwelling units in the principal project being provided as affordable dwelling units.
(Added by Ord. 18-10)