"Affordable housing" means that the rent is structured so that the targeted tenant population pays no more than thirty (30) percent of their gross household income for rent and utilities. The targeted tenant populations referred to in this section include households up to eighty (80) percent of median income applicable to Sacramento County, adjusted for family size as published and annually updated by the United States Department of Housing and Urban Development.
"Aggrieved person" includes, but is not limited to, a tenant residing in the affected federal preservation project, a person on a waiting list for admission to the affected federal preservation project, an affected qualified entity, the SHRA or the City of Sacramento.
"Contingent sales agreement" means an agreement between an owner and a person or entity other than a qualified entity, for the purchase of a federal preservation project that is contingent upon the right of first refusal provided in section 5.148.070(B).
"Federal preservation projects" means properties having project-based rental assistance contracts for some or all of the units (such as Section 8 and Project Rental Assistance Contracts) including those developed under a variety of HUD mortgage assistance and interest rate reduction programs. Federal preservation projects include properties with loans, contracts, or insurance under the following federal subsidy programs: Section 221(d)(4) of the National Housing Act; Section 202 of the Housing Act of 1959; Section 236 of the National Housing Act; Section 221(d)(3) Below Market Interest Rent (BMIR) and Section 221(d)(3) Market Interest Rent (MIR) of the National Housing Act; Section 811 of the National Housing Act; Project-based Section 8 Contracts (under Section 8 of the United States Housing Act of 1937) administered through HUD, the State of California, or the SHRA; Project Rental Assistance Contracts (PRAC) under the National Housing Act; the Low Income Housing Preservation Resident Homeownership Act (LIHPRHA); Section 42 of the Internal Revenue Code; the Preservation Grant under Section 241(f) of the National Housing Act; Rental Supplemental assistance under Section 101 of the Housing and Urban Development Act of 1965; and Section 515 of the Housing Act of 1949.
"HUD" means the United States Department of Housing and Urban Development.
"Just cause eviction" means evictions for serious or repeated violations of the terms and conditions of the lease or occupancy agreement, violation of applicable federal, state or local law, or other good cause.
"Low income" means low income individuals, households or tenants are those with a gross household income that does not exceed eighty (80) percent of median income applicable to Sacramento County, adjusted for family size as published and annually updated by the United States Department of Housing and Urban Development.
"Moderate income" means individuals, households or tenants with a gross household income that does not exceed one hundred ten (110) percent of median income applicable to Sacramento County, adjusted for family size as published and annually updated by the United States Department of Housing and Urban Development.
"Opt out" means an owner's non-renewal of an available project-based Section 8 contract in a federal preservation project. Owners may consider "opting out" when they contemplate conversion to open market rental housing, other housing or commercial uses, or a sale of the property.
"Owner" means an individual, corporation, association, partnership, joint venture or other business entity that holds title to a federal preservation project.
"Prepayment" means the prepayment prior to expiration of the full, original, stated term of any loan secured by a federal preservation project, which loan was insured or subsidized at its inception by a governmental body or agency, if such prepayment would have the effect of terminating the use restrictions applicable to such project without substitution of substantially similar use restrictions.
"Qualified entity" means a non-profit or for-profit entity or person that SHRA has placed upon the list of Qualified Entities pursuant to section 5.148.070(A).
"SHRA" means the Sacramento housing and redevelopment agency, a joint powers agency, and its constituent entities, the Housing Authority of the City of Sacramento and the Redevelopment Agency of the City of Sacramento. (Ord. 2004-043 § 1)