If a word or term is defined in another chapter of this Title (e.g., Chapter 4) it shall have the same meaning in this chapter. Wherever the following words and terms are used in this chapter, they shall have the meanings set out in this section:
(a) “Adjusted for household size appropriate for the unit.” A household of one (1) person in the case of a studio unit, two (2) persons in the case of a one-bedroom (1-bedroom) unit, three (3) persons in the case of a two-bedroom (2-bedroom) unit, four (4) persons in the case of a three-bedroom (3-bedroom) unit, five (5) persons in the case of a four-bedroom (4-bedroom) unit, and six (6) persons in the case of a five-bedroom (5-bedroom) unit. This household size standard is used in the Affordable Housing Cost calculations. It is neither an occupancy minimum nor a maximum.
(b) “Affordable housing costs.” The total housing costs paid by a qualifying household, which shall not exceed a specified fraction of their gross income, adjusted for household size appropriate for the unit, as follows:
(1) “Affordable ownership cost.” A sales price that results in a monthly housing cost for moderate-income households as defined in California Health & Safety Code Section 50052.5.
(2) “Affordable rent.” A rent that results in a total monthly housing cost that is equal to thirty (30%) percent of eighty (80%) percent of the Ventura County median income.
(c) “Affordable Housing Trust Fund.” A fund created by the City in which all fees collected in compliance with Chapter 10, Article 2 shall be deposited.
(d) “Common interest development.” Shall have the same meaning as defined in Civil Code Section 1351(c).
(e) “Condominium/Townhouse Residential Project.” A residential development with attached dwelling units located on a single lot where the dwelling units are designated for separate ownership with proportional undivided ownership of common land and facilities, pursuant to Section 1351(f) of the California Civil Code.
(f) “Eligible Household.” A household that meets any of the following as applicable:
(1) “Low-income household.” A household whose income does not exceed the qualifying limits for Ventura County set by California Health and Safety Code Section 50093, as published and annually updated by HCD.
(2) “Moderate-income household.” A household whose income does not exceed the qualifying limits for Ventura County set by California Health and Safety Code Section 50079.5, as published and annually updated by HCD.
(3) “Very low-income household.” A household whose income does not exceed the qualifying limits for Ventura County set by California Health and Safety Code Section 50105, as published and annually updated by HCD.
(g) “HCD.” State of California Department of Housing and Community Development.
(h) “Household.” Means all the persons who will occupy the Inclusionary Unit.
(i) “Inclusionary housing agreement.” A recorded agreement between an applicant and the City specifying the affordable income level served and guaranteeing the affordability of dwelling units constructed pursuant to this chapter, in order to ensure that the requirements of this chapter are satisfied.
(j) “Density bonus unit.” Those dwelling units granted pursuant to the provisions of State Density Bonus Law which exceed the otherwise allowable maximum residential density for the site.
(k) “Inclusionary units.” Dwelling units within a residential development which are required to be sold or rented at an affordable housing cost, pursuant to Article 3 of this chapter.
(l) “Market-rate unit.” Any dwelling unit in a residential development that is not an inclusionary unit.
(m) “Nonresidential development.” Any development or use other than developments or uses solely involving the construction, alteration or condominium conversion of dwelling units. A “nonresidential development” also includes the conversion of a residential use to nonresidential use and the conversion of one nonresidential use to another nonresidential use.
(n) “Residential development.” Any development that includes either the construction of dwelling units or a condominium conversion.
(o) “Single-family detached residential project.” A development consisting of one-family dwellings each located on a single lot, where both the dwelling and land are owned together in fee.
(p) “Ventura County area median income.” Area median income for Ventura County as published by HCD pursuant to California Code of Regulations, Title 25, Section 6932, or successor provision.
(§ 1, Ord. 1506-NS, eff. October 9, 2008, as amended by § 1, 2, Ord. 1540-NS, eff. July 23, 2010, and § 1, Ord. 1543-NS, eff. October 8, 2010, and § 1, Ord. 1719-NS, eff. November 24, 2023)