§ 4565.04. General requirements for affordable housing units.

(A)

Affordable housing units shall be dispersed throughout the development project and shall be comparable to the design of market-rate units within the development project in terms of appearance, materials, and finished quality.

(B)

Throughout the term of an abatement, the affordable housing units provided in a development may be located in different physical units over time (affordable housing units may "float" through the development over time).

(C)

Affordable housing units shall be constructed within a similar timeline as market-rate units within the development project.

(D)

Affordable housing units shall be provided access to amenities and recreational facilities within the development projects on equal terms to market-rate housing units.

(E)

Affordable housing units shall be rented or sold only to qualified persons whose annual household income is up to eighty percent (80%) AMI or up to one hundred percent (100%) AMI for the family size for which the housing unit was designed.

(F)

To qualify as an affordable housing unit, the housing unit must be occupied as the principal residence of the occupant or occupants.

(G)

Any fee charged by the project sponsor to the prospective tenant or purchaser of an affordable housing unit must be a usual, customary transaction fee normally incurred in a residential transaction. The Director may establish a range of fees that are presumptively usual and customary in such transactions.

(H)

The Director is authorized to adopt and implement such rules, standards, and processes as are necessary, in the Director's discretion, to administer this chapter.

(Ord. No. 2184-2018 , § 1, 7-30-2018)