“Acutely Low Income Households” shall have the same meaning as in Section 50063.5 of the California Health and Safety Code.
“Affirmatively Furthering Fair Housing” shall have the same meaning as in Section 8899.50 of the California Government Code.
“Community Land Trust” means a non-profit corporation within Section 501(c)(3) of the Internal Revenue Code that satisfies all of the following: (I) Has as its primary purposes the creation and maintenance of permanently affordable single-family or multifamily residences; (II) All dwellings and units located on the land owned by the non- profit corporation are sold to a qualified owner to be occupied as the qualified owner's primary residence or rented to Lower Income Households or Moderate Income Households, or held by the non-profit corporation for the same purpose; (III) When a dwelling or unit that is situated on land owned by the non-profit corporation is sold to a qualified owner, the land is leased by the non-profit corporation to the income-qualified owner for the convenient occupation and use of that dwelling or unit for a renewable term of 99 years.
“Disadvantaged Communities” as defined in Section 65302(h)(4)(A) of the California Government Code.
“Extremely Low Income Households” shall have the same meaning as in Section 50106 of the California Health and Safety Code.
“Limited-Equity Housing Cooperative” shall have the same meaning as in Section 817 of the California Civil Code.
“Low Income Households” shall mean Lower Income Households whose gross incomes exceed the maximum for Very Low Income Households.
“Lower Income Households” shall have the same meaning as in Section 50079.5 of the California Health and Safety Code.
“Moderate Income Households” shall have the same meaning as the term “Persons and families of moderate income” as defined in Section 50093(b) of the California Health and Safety Code.
“Residential Hotel” shall have the same meaning as in Section 50519(b)(1) of the California Health and Safety Code.
“Very Low Income Households” shall have the same meaning as in Section 50105 of the California Health and Safety Code.
SECTION HISTORY
Article and Section Added by Initiative Approved by the Voters on 11-8-22, Ord. No. 187,692, Eff. 1-1-23.