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�.� 1- �9 SECTION D Glossary of Terms GENERAL DEFINITIONS USED WITH THE CONSOLIDATED PLAN Acquisition: Acquisition means acquisition of standard housing only, or substandard • properties that can be demolished and made available for affordable housing development. The expectation is that federal funds used for acquisition are being provided with the expectation that a CDBG or HOME eligible "affordable housing activity or public facility activity" will be carried out on the site after acquisition. Affordable Housing: Affordable housing is generally defined as housing where the occupant is paying no more than 30 percent of gross income for gross housing costs, including utility costs. 1. Rental Housing: A rental housing unit is considered to be an affordable housing unit if it is occupied by a low income family or individual and bears a rent that is the lesser of (1) the Existing Section 8 Fair Market Rent (FMR) for comparable units in the area or, (2) 30 percent of the adjusted income of a family whose income equals 65 percent of the median income for the area. An exception is for those cases where, depending on the prevailing market conditions, HUD specifically establishes higher or lower FMR's for a jurisdiction. 2. Home ownership: (1) Principal residence; and (2) has a sale price which does not exceed the mortgage limit for the type of single family housing for the area under HUD's single family insuring authority under the National Housing Act. (b) Housing that is to be rehabilitated, but is already owned by a family when � assistance is provided qualifies as affordable if the housing (1) is occupied by a low- income family which uses the housing as its principal residence and (2) has a value, after rehabilitation, that does not exceed the mortgage limit for the type of single family housing for the area, as described in 2(a) above. Note: these definitions apply for Consolidated Plan purposes, regardless of the Federal, State or local funding sources, i.e., even if the unit is not assisted with HOME funds. � Rental and home ownership projects assisted with Title II, HOME program funds are subject to "affordable housing" requirements, as contained in Section 92.252 (rental housing) and 92.254 (home ownership housing) of 24 CFR Part 92, which define "affordable housing" for purposes of the HOME program, unless otherwise noted. • AIDS and Related Diseases: The disease of acquired immune deficiency syndrome or any conditions arising from the etiologic agent for acquired immune deficiency syndrome. Alcohol/Other Drug Addiction: A serious and persistent alcohol or other drug addiction that significantly limits a person's ability to live independently. Area of Low Income Concentrations: Area of low income concentration is defined as any area in the City where more than 50% of the occupants in a given Census Tract have household incomes at or below 80% of Median Income. Areas where the percentage of non-white/hispanic households, with income at or below 80% of area median, exceed the Citywide average of 15% shall also be considered as an area of low income concentration. � Z �