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Internal Revenue Code. In the event that such income determinations are no longer published, or <br />are not updated for a period of at least eighteen (18) months, the City shall provide the Affordable <br />Developer with other income determinations which are reasonably similar with respect to methods <br />of calculation to those previously published by the State. <br />0) Assumed Household Size" shall have the meaning set forth in Section <br />2.2(d). The definition is utilized to calculate affordable rent and is not intended to be a limit on the <br />number of persons occupying a unit. <br />(k) "City" has the meaning set forth in the preamble above. <br />(1) "CTCAC" means the California Tax Credit Allocation Committee. <br />(m) "Density Bonus Units" means the units permitted beyond the base density <br />that would otherwise be allowed on a parcel pursuant to local zoning, as allowed render <br />Government Code 65915. <br />(n) "Donor" has the meaning set forth in Recital B above. <br />(o) "HCD" means the California Department of Housing and Community <br />Development <br />(p) "Household Income" means the total anticipated annual income of all <br />persons in a household, as calculated in accordance with 25 California Code of Regulations Section <br />6914 or pursuant to a successor State housing program that utilizes a reasonably similar method <br />of calculation of adjusted income. In the event that no such program exists, the City shall provide <br />the Affordable Developer with a reasonably similar method of calculation of adjusted income as <br />provided in said Section 6914. For Affordable Units that are subject to Affordable Rents as <br />provided by CTCAC, the Household Income shall be set at an amount consistent with the <br />household income levels as determined by the CTCAC. <br />(c) "Investor Limited Partner" means (if applicable), the tax credit limited <br />partner or partners, and their respective successors and assigns, admitted to the Affordable <br />Developer's partnership in connection with the issuance of low income housing tax credits to the <br />Affordable Development. <br />(r) "Low -Income Household" means a household with an annual Household <br />Income no greater than the maximum income for low-income households, as published annually <br />by the City for each household size, based on either United States Department of Housing and <br />Urban Development (HUD) income limits for San Mateo County or the California Department of <br />Housing and Community Development (HCD) income limits for San Mateo County, as applicable. <br />(s) "Low -Income Rent" means the Affordable Rent permitted to be charged for <br />a Low -Income Unit, shall not exceed one -twelfth (1/12th) of thirty percent (30%) of sixty percent <br />(60%) of Median Income, adjusted for Assumed Household Size, and as provided to the <br />Affordable Developer annually by the City, or as published by CTCAC for 80% AMI households, <br />as applicable. The City shall also permit alternative criteria, when necessary, to be consistent with <br />State and Federal statutes and regulations governing publicly financed rental housing. <br />ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT <br />REV: 10-16-25 VR <br />Exhibit G - 5 <br />