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ATTY/RESO.0063/PC RESO ZONING ORDINANCE AMENDMENT ARTICLE 29
<br />REV: 08-12-21 SK
<br />Page 5 of 17
<br />10. The City previously received and considered the nexus study from Strategic Economics
<br />and Vernazza Wolfe Associates, Inc. dated September 2015 entitled "Residential
<br />Impact Fee Nexus Study" and "Commercial Linkage Fee Nexus Study" which the
<br />City Council will continue to rely on.
<br />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 household's
<br />occupancy, including interest, principal, mortgage insurance, property taxes, homeowners
<br />insurance, homeowners' association dues, if any, and a reasonable allowance for utilities,
<br />property maintenance, and repairs, not exceeding the sales prices specified by Section
<br />50052.5 of the California Health and Safety Code and California Code of Regulations Title
<br />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 statutes
<br />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 collection,
<br />sewer, water, electricity, gas, and other heating, cooking, and refrigeration fuel, but not
<br />telephone service, cable TV or Wi-Fi/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 occupied
<br />by, or available to, moderate, low, very low or extremely low income households at an
<br />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, application
<br />process, waitlist management, income verification requirements, annual recertification,
<br />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.
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