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By March 1 of each year, the County Executive must submit an annual report for the preceding calendar year describing implementation of the program, including the number and dollar value of loans made, income characteristics of loan recipients, and the number and dollar value of any loan defaults. (1990 L.M.C., ch. 17, § 1.)
In this Article, the following words have the following meanings:
(a) Area-wide median income means the income level determined to represent the median income for the Washington area by the U.S. Department of Housing and Urban Development, adjusted for household size.
(b) Consumer Price Index means the latest published version of the Consumer Price Index for all Urban Consumers (CPI-U) for the Washington-Arlington-Alexandria Core Based Statistical Area (CBSA), as published by the United States Department of Labor, Bureau of Labor Statistics, or any similar index selected by the County Executive.
(c) Date of original sale means the date of settlement for purchase of a productivity housing unit.
(d) Date of original rental means the date that the first lease of a productivity housing unit takes effect.
(e) Department means the Department of Housing and Community Affairs.
(f) Developer means a person or other legal entity that seeks to develop a productivity housing project.
(g) Director means the Director of the Department or the Director's designee.
(h) Dwelling unit means a building or part of a building that provides complete living facilities for one family, including at a minimum facilities for cooking, sanitation and sleeping.
(i) Housing Initiative Fund means the fund established under section 25B-9.
(j) Productivity housing or productivity housing project means a project to build dwelling units for sale or rent at one location where at least 35 percent of the dwelling units are sold or rented to households with incomes below the area-wide median income.
(k) Productivity housing unit means a dwelling unit in a productivity housing project that is subject to rent limits or sales controls under this Article.
(l) Program means the productivity housing program. (1996 L.M.C., ch. 25, § 1; 2018 L.M.C., ch. 3, §1.)
(a) Establishment. The Department must establish a productivity housing program.
(b) Purpose. The purpose of the program is to promote the construction of housing affordable to households with incomes at and below the area-wide median income level. The construction of that housing is intended to:
(1) allow households with incomes at and below the area-wide median income level to have greater housing choices in the County;
(2) increase the availability of housing for those workers whose income cannot support the high cost of housing that is located close to the workplace and as a result, are increasingly priced out of housing opportunities;
(3) assist County employers in reducing critical labor shortages of skilled and semi- skilled workers by providing housing that will be accessible to the workplace; and
(4) reduce traffic congestion by shortening commute distances for employees who work in the County but who otherwise must live outside the County.
(c) Relationship to other affordable housing programs. The program is intended to complement the moderately priced housing program under Chapter 25A and other County programs designed to promote affordable housing.
(d) Regulations. The County Executive must adopt regulations under method (1) to administer this Article. These regulations may include setting maximum sale prices and annual rent limits after adjustments for inflation, establishment of sale price and rent ranges, the range of income-eligible households that will be served, foreclosures, waivers, income eligibility standards, notice to the Department of sales and rentals, and other relevant matters. The regulations must set a range of sale prices for productivity housing units which do not exceed 175 percent of the sale prices set for comparable moderately priced dwelling units under Chapter 25A. (1996 L.M.C., ch. 25, § 1.)
(a) Agreement. If the developer of a productivity housing project has obtained approval for a special exception under Chapter 59 and all necessary regulatory approvals from the Planning Board, the Director and the developer must execute an agreement ensuring compliance by the developer and any successor in interest with this Article. The agreement must incorporate the staging plan for the construction of productivity housing units, the mix of dwelling unit sizes and types, and the selling price or annual rent for each unit. Where appropriate, the agreement must reflect conditions required as part of the special exception and other regulatory approvals.
(b) Certification of director as prerequisite to issuance of building permit. After an agreement is executed under subsection (a), before a building permit is issued the Director must certify to the Director of Permitting Services that the requirements of this Article have been met. (1996 L.M.C., ch. 25, § 1.)
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