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<br />ATTY/RESO.0041/PC RESO AMENDING ZONING ORDINANCE – AFFORDABLE HOUSING <br />REV: 06-01-23 SK <br />Page 6 of 25 <br /> <br />29.2 Definitions. <br /> <br />A. "Affordable housing fund" means a fund or account designated by the City to maintain <br />and account for all monies received pursuant to this Article. <br /> <br />B. "Affordable Housing Guidelines" means the guidelines adopted pursuant to Section <br />29.6(G) to implement this Ordinance. <br /> <br />C. "Affordable ownership cost" means the sales price of a for-sale affordable unit <br />resulting in projected average monthly housing payments, during the first calendar <br />year of a household's occupancy, including interest, principal, mortgage insurance, <br />property taxes, homeowners insurance, homeowners' association dues, if any, and <br />a reasonable allowance for utilities, property maintenance, and repairs, not <br />exceeding the sales prices specified under California Health and Safety Code by <br />Section 50052.5 of the California Health and Safety Code and California Code of <br />Regulations Title 25, Sections 6910-6924. <br /> <br />D. "Affordable rent" means the total monthly housing expenses for a rental affordable <br />unit not exceeding the rents specified by Section 50053 of the California Health and <br />Safety Code and California Code of Regulations Title 25, Sections 6910-6924, <br />except that the City may permit alternative criteria, when necessary, to be consistent <br />with pertinent state and federal statutes and regulations governing publicly assisted <br />rental housing. As allowed under Government Code Section 65915(c)(1)(B)(ii), if one <br />hundred percent (100%) of all units in the development, including total units and <br />density bonus units (exclusive of manager's unit(s)), are restricted for lower income <br />households consistent with Government Code Section 65915(b)(1)(G), then the rent <br />for at least twenty percent (20%) of the units in the development shall be set at <br />affordable rents not exceeding the rents specified under Health and Safety Code <br />Section 50053 and the rent for the remaining units in the development shall be set at <br />an amount consistent with the maximum rent levels for lower income households as <br />determined by the California Tax Credit Allocation Committee. As used in this <br />Chapter, "affordable rent" shall include the total of monthly payments by the tenant <br />for all of the following: <br /> <br />1. Use and occupancy of the affordable unit and land and all facilities associated <br />with the affordable unit, including but not limited to parking (whether unbundled <br />or not), bicycle storage, storage lockers, and use of all common areas; <br /> <br />2. Any additional separately charged fees or service charges assessed by the <br />owner, other than security deposits; <br /> <br />3. An allowance for utilities paid by the tenant as established by the San Mateo <br />County Housing Authority which may be updated from time to time, including <br />garbage collection, sewer, water, electricity, gas, and other heating, cooking, <br />and refrigeration fuel, but not telephone service, cable TV or Wi-Fi/internet; and