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29.2 Definitions
<br />A. "Affordable housing fund" means a fund or account designated by the City to maintain and
<br />account for all monies received pursuant to this Article.
<br />B. "Affordable ownership cost" means the sales price of a for -sale affordable unit resulting in
<br />projected average monthly housing payments, during the first calendar year of a
<br />household's occupancy, including interest, principal, mortgage insurance, property taxes,
<br />homeowners insurance, homeowners' association dues, if any, and a reasonable allowance
<br />for utilities, property maintenance, and repairs, not exceeding the sales prices specified by
<br />Section 50052.5 of the California Health and Safety Code and California Code of Regulations
<br />Title 25, Sections 6910-6924.
<br />C. "Affordable rent" means the total monthly housing expenses for a rental affordable unit not
<br />exceeding the rents specified by Section 50053 of the California Health and Safety Code and
<br />California Code of Regulations Title 25, Sections 6910-6924, except that the City may permit
<br />alternative criteria, when necessary, to be consistent with pertinent state and federal
<br />statutes and regulations governing publicly assisted rental housing. As used in this Chapter,
<br />"affordable rent" shall include the total of monthly payments by the tenant for all of the
<br />following:
<br />1. Use and occupancy of the affordable unit and land and all facilities associated with the
<br />affordable unit, including but not limited to parking (whether unbundled or not), bicycle
<br />storage, storage lockers, and use of all common areas;
<br />2. Any additional separately charged fees or service charges assessed by the owner, other
<br />than security deposits;
<br />3. An allowance for utilities paid by the tenant as established by the San Mateo County
<br />Housing Authority which may be updated from time to time, including garbage
<br />collection, sewer, water, electricity, gas, and other heating, cooking. and refrigeration
<br />fuel, but not telephone service, cable TV or WiFi/internet; and
<br />4. Any other interest, taxes, fees or charges for use of the land or affordable unit or
<br />associated facilities and assessed by a public or private entity other than the owner, and
<br />paid by the tenant.
<br />D. "Affordable unit" means a dwelling unit in a residential development project that is
<br />occupied by, or available to, moderate, low, very low or extremely low income households
<br />at an affordable rent or an affordable ownership cost as required by this Article.-'
<br />E. "Below Market Rate ("BMR") Tenant Selection and Management Plan", applicable to the
<br />affordable units shall include, at a minimum, procedures and requirements for determining
<br />tenant eligibility, occupancy requirements, initial and ongoing marketing policies,
<br />application process, waitlist management, income verification requirements, annual
<br />recertification, rejection of ineligible applicants and eligibility termination.
<br />F. "Building permit" includes full structural building permits as well as partial permits such as
<br />foundation -only permits and demolition permits.
<br />G. "Developer" means the person(s) or legal entity(ies), who also may be the property owner,
<br />who is seeking residential development project permits or approvals from the City or
<br />developing a particular residential development project in the City.
<br />ATTY/ORD.469/ADOPTING ARTICLE 29 AND AMENDING SECTION 32.19 ORD 1130-375
<br />REV: 06-15-18 PR MUFF NO. 301
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