Dimensional standards
Extracted standards
11 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Other
- Affordable income levels
low-, very low-, and extremely low-income households
- Affordable income levels
sold to low-, very low-, and extremely low-income households
- Affordability term30 years
rented to low-, very low-, and extremely low-income households ... for not less than thirty (30) years
- Affordable units percentage50 pct
fifty (50) percent or more of the additional units are affordable at low-, very low, or extremely low-income levels
- Annual reporting required
Household income and rents for the low, very low-, and extremely low-income units must be reported annually to the community development department.
- Covenant recordation timing
The restrictive covenant shall be recorded against the property prior to the issuance of the first building permit.
- Covenant recordation timing
The restrictive covenant shall be recorded against the property prior to the issuance of the first building permit.
- Equity sharing agreement required
enter into an equity sharing agreement and restrictive covenant with the city
- Resale restrictions
Upon resale, the seller of the unit shall retain the value of any documented improvements, the down payment, and the seller's proportionate share of appreciation. The city shall recapture any initial subsidy... and its proportionate share of appreciation...
- Restrictive covenant required
enter into an affordable housing agreement and restrictive covenant with the city
- Restrictive covenant required
enter into an equity sharing agreement and restrictive covenant with the city
From the ordinance
fifty (50) percent or more of the additional units are affordable at low-, very low, or extremely low-income levels...