For the purpose of this chapter the following terms, phrases, words, and their derivations shall have the meanings given in this section:
AFFORDABLE HOUSING:
A. Rental housing for which the annualized rent does not exceed thirty percent (30%) of the annual income of a family whose income equals sixty percent (60%) or less of the median income for Salt Lake City, as determined by the United States department of housing and urban development; or
B. Nonrental housing for which the annualized mortgage payment does not exceed thirty percent (30%) of the annual income of a family whose income equals eighty percent (80%) or less of the median income for Salt Lake City, as determined by the United States department of housing and urban development.
BOARD: The Salt Lake City housing trust fund advisory board created under this chapter.
CDBG: Federal community development block grant.
CITY: Means and refers to Salt Lake City, a municipal corporation of the state of Utah.
COUNCIL: The Salt Lake City council.
DIRECTOR: The person appointed by the mayor to serve as the director of the department of community and neighborhoods, or its successor department.
ESG: Federal emergency shelter grant.
FUND: The Salt Lake City housing trust fund created by this chapter.
HAND: The division of housing and neighborhood development, or its successor.
HOME: Federal HOME grant.
HOPWA: Federal housing opportunities for people with AIDS grant.
HOUSING SPONSOR: Includes, but is not limited to, an entity which constructs, develops, rehabilitates, purchases, owns, or manages a housing project or program that is or will be subject to legally enforceable restrictions and covenants that require that the housing assistance be provided to qualifying individuals as defined herein. A housing sponsor includes:
A. A public entity;
B. A nonprofit, limited profit, or for profit corporation;
C. A limited partnership;
D. A limited liability company;
E. A joint venture;
F. A cooperative;
G. A mutual housing or cohousing organization;
H. A municipal government;
I. A local housing authority;
J. A regional or statewide nonprofit housing or assistance organization.
HOUSING STABILITY: The division of housing stability, or its successor.
MAYOR: The duly elected or appointed, and qualified mayor of Salt Lake City.
MEMBER: A person appointed by the mayor who is a duly qualified voting member of the board.
SPECIAL NEEDS HOUSING: Includes, but is not limited to, supportive housing for people who fit one or more of the following categories: homeless, elderly, persons with mental and/or physical disabilities, domestic violence survivors, and the chronically ill. (Ord. 21-22, 2022: Ord. 49-16, 2016: Ord. 67-13, 2013)