(A) At least 250 units in the city’s City Center project have been previously designated as affordable or workforce housing units on the City Center Plat, and shall retain such designation in perpetuity, but subject nonetheless to the guidelines established herein and in a future master declaration of covenants and restrictions to be filed and recorded by the city or its successor. Notwithstanding other provisions of this section, the City Center affordable housing shall mean housing for which monthly rents or monthly mortgage payments (including taxes and insurance) do not exceed 30% of an amount representing 120% of the median incomes adjusted for family size for all households within the city; provided however, that the definition of affordable housing for City Center shall also include workforce housing or any similar concept if adopted and defined as part of the Broward County Land Use Plan.
(B) These units, if and when designated and constructed shall only be sold or rented to qualified buyers or tenants as defined herein, pursuant to the city's Code of Ordinances and Florida Statutes, as amended from time to time. This restriction shall be included in future deeds of conveyance for each of the affordable housing units referenced in this division or in a master declaration of restrictive covenants.
(Ord. 1575, passed 3-21-07)