The following definitions shall apply in this chapter:
"Affordable dwelling unit" means a dwelling unit rented at an affordable rent or sold at an affordable housing price.
"Affordable housing price" means a sales price at which low income households can qualify for the purchase of for-sale dwelling units. Qualification shall be based on no more than 35% of income being applied to housing expenses (mortgage principal and interest, taxes, insurance, and assessments).
"Affordable rent" means a monthly rent consisting of a maximum of one-twelfth of 30% of 80% of the median income applicable to Sacramento County, adjusted for household size appropriate to the unit, less a reasonable allowance for utilities. The median income applicable to Sacramento County is determined annually by the United States Department of Housing and Urban Development.
"Developer" means any person, firm, partnership, association, joint venture, corporation, or any entity or combination of entities that seeks city approvals for all or part of a development project. Developer includes "owner."
"Development agreement" means an agreement entered into between the city and a developer pursuant to chapter 18.16 and California Government Code section 65864.
"Development project" means any real estate development project that includes market rate residential dwelling units. Projects at one location undertaken in phases, stages, or distinct sections are considered a single development project.
"Executive director" means the executive director of the Sacramento Housing and Redevelopment Agency or designee.
"Inclusionary housing plan" means the plan setting forth the elements of a development project's affordable dwelling units required by Ordinance No. 2000-039.
"Low income household" means a household whose income does not exceed 80% 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 pursuant to section 8 of the United States Housing Act of 1937.
"Market rate" means not restricted to an affordable housing price or affordable rent.
"Mitigation Fee Act" means chapter 5 (sections 66000 through 66025) of division 1 in title 7 of the California Government Code.
"Mixed income housing strategy" means an approved development plan that is consistent with Housing Element policy and may provide credit towards the housing impact fee through construction of affordable dwelling units, dedication of land to the city, or other mechanism.
"Nexus study" means a study, adopted by resolution of the city council, that analyzes the connection between projected residential development and the cost of addressing the need for affordable housing for lower income households created by the residential development.
"Owner" means a person, partnership, joint venture, association, corporation, or public or private entity that has sufficient proprietary interest in real property to commence, maintain, and operate a development project.
"Residential project" means the entirety of a residential development with market rate dwelling units in a development project.
"Self-help housing developer" means a not-for-profit organization that develops housing for sale to low income households at an affordable housing price. The organization may permit or require purchasers to participate in the construction of affordable dwelling units.
"SHRA" means the Sacramento Housing and Redevelopment Agency, a joint powers agency. (Ord. 2015-0029 § 2)