§ 8116-9.1.1. Density bonus granted for qualified housing development based upon low or very low income minimum affordable housing component or for senior citizen housing development.

The affordable housing developer of a qualified housing development based upon the inclusion of low income and/or very low income affordable units must enter into an agreement with the County to maintain the continued affordability of the affordable units for thirty (30) years, or a longer period if required by the construction or mortgage financing assistance program, mortgage insurance program, or rental subsidy program, as follows (Government Code Section 65915(c)(1)):

(a)

Rental Units. Rents for the low income and very low income affordable units that qualified the housing development for the density bonus pursuant to Section 8116-2 shall be set and maintained at an affordable rent. (Government Code Section 65915(c)(1).)

(b)

For-Sale Units. Owner-occupied low income and very low income affordable units that qualified the housing development for the density bonus pursuant to Section 8116-2 shall be available at an affordable housing cost. (Government Code Section 65915(c)(1).)

(c)

Senior Units. At least thirty-five (35) senior citizen housing development units are maintained and available for rent or sale to senior citizens as defined in Civil Code Section 51.3.

(Ord. No. 4455, § 7, 10-22-2013)