Unless the contrary is stated or clearly appears from the context, the following definitions govern the construction of the words and phrases used in this Division. Words and phrases not defined by this Division have the meaning set forth elsewhere in this Development Code, the Cal. Health & Safety Code, or Cal. Gov't Code.
AFFORDABLE HOUSING COSTS - Has the same meaning as set forth in Cal. Health & Safety Code § 50052.5, or any successor statute or regulation.
AFFORDABLE RENTS - Has the same meaning as set forth in Cal. Health & Safety Code § 50053, or any successor statute or regulation.
AFFORDABLE SALE PRICE - Means the price for a dwelling unit that can be financed by a fixed rate mortgage where the monthly payment constitutes an affordable housing cost. The monthly payment must include the principal plus interest plus taxes plus homeowner's association fees (if applicable).
AFFORDABLE UNITS - Means those dwelling units which will be guaranteed by the developer to be rented or sold for a period of time, agreed to by the city and developer, to low- or very low-income households.
DENSITY BONUS - Means an increase over the otherwise allowable maximum residential density for a property.
DENSITY BONUS UNITS - Means additional units that may be allowed to be built if the density bonus is granted.
INCENTIVE OR CONCESSION - Means a relaxation of development standards or zoning requirements which results in identifiable cost reductions where such incentives and concessions are consistent with the general plan, including, without limitation, reductions in setback; square footage or lot size requirements; the ratio of vehicle parking spaces that would otherwise be required; or approval of mixed use zoning if commercial, office or other land uses would be compatible with the housing project as well as the existing or planned development in the area where the proposed housing project will be located.
SENIOR OR SENIOR CITIZEN - Means a person 62 years of age or older or 55 years of age or
older in a senior citizen housing development of at least 35 dwelling units, or a qualified permanent resident as defined in Cal. Civil Code §§ 51.2 and 51.3. All qualifying senior projects must have significant facilities and services for seniors as defined in 42 USC 3607(b)(2).
(Ord. 1173, passed 7-2-07; Am. Ord. 1244, passed 10-15-12)