(A) For-sale affordable housing units.
(1) In covered development projects that contain for-sale units, at least one affordable housing unit and no less than 50% of the affordable housing units shall be sold at a price that is affordable to a low-income household.
(2) Any remaining affordable housing units shall be sold at a price that is affordable to a moderate-income household.
(3) The owner shall execute and record any documents required by § 158.12 or any other provision of this chapter to ensure compliance with this section.
(B) Rental of affordable housing units.
(1) In covered development projects that contain rental units, at least one affordable housing unit and no less than 50% of the affordable housing units shall be rented or leased at a price that is affordable to a low-income household.
(2) Any remaining affordable housing units shall be rented or leased at a price that is affordable to a moderate-income household.
(3) The owner shall execute and record any documents required by § 158.12 or any other provision of this chapter to ensure compliance with this section.
(Ord. 2005-45, passed 12-5-2005)