In addition to the requirements of this article, inclusionary units shall be subject to the requirements of Article 6 of this chapter (Compliance Requirements).
(a) Term of Affordability. Inclusionary units which are individually sold shall remain affordable for a cumulative period of forty-five (45) years from the date of initial occupancy. Inclusionary units which are rented shall remain affordable for as long as the property is developed with a residential use, but not less than a fifty-five (55) year period from the date of initial occupancy.
(§ 1, Ord. 1506-NS, eff. October 9, 2008, as amended by § 10, Ord. 1719-NS, eff. November 24, 2023)