SEC. 16-420D.  AFFORDABILITY REQUIREMENTS.
   (A)   One hundred percent affordable - All housing units built pursuant to this Division C shall be affordable to extremely-low income, very low income, low-income, or moderate-income households as defined and periodically updated by the U.S. Department of Housing and Urban Development for Ventura County.
   (B)   Moderate units and RHNA - If a project proposes to provide for-sale or rental moderate-income units, said units may only be used to qualify the project for AAHOP if, at the time of the approval of the project, the number of proposed moderate units will not exceed the number of moderate units the city needs to meet its RHNA allocation in the current planning period (as calculated by the director), and shall not exceed 25% of any project.
   (C)   Manager's unit - For a project with between 10 and 40 units, one manager's unit is exempt from the affordability requirement. For a project between 41 and 80 units, up to two manager's units are exempt from the affordability requirement. For projects of 81 or more units, up to three manager's units are exempt from the affordability requirement. Projects that provide 9 or less affordable units do not obtain an exemption for a manager unit.
   (D)   Deed restrictions - Each affordable unit must be deed restricted in an appropriate manner and by appropriate instruments as determined by the city attorney.
(Ord. No. 2913)