An applicant shall agree to, and the City shall ensure that the initial occupant of target units that are directly related to the receipt of the density bonus in a housing project are persons and families of moderate income, as defined in Health and Safety Code Section 50093, and that the units are offered at an affordable housing cost, as defined in Health and Safety Code Section 50052.5. Upon resale of the unit, the City shall enforce an equity sharing agreement in accordance with Government Code section 65915.
(Ord. 1445, eff. August 14, 2014)