Affordable shall mean a sales price or rent within the means of a low or moderate income household as defined by the Council on Affordable Housing.

Inclusionary development shall mean a residential housing development in which a substantial percentage of the housing units is provided for a reasonable income range of low and moderate income households. The term may also mean housing developments comprised completely of low and moderate income units.

Low income housing shall mean housing affordable according to Federal Department of Housing and Urban Development or other recognized standards for home ownership and rental costs, and occupied or reserved for occupancy by households with a gross household income equal to fifty (50%) percent or less of the median gross household income for households of the same size within the housing region in which the housing is located, and is subject to affordability controls.

Moderate income housing shall mean housing affordable according to Federal Department of Housing and Urban Development or other recognized standards for home ownership and rental costs, and occupied or reserved for occupancy by households with a gross income equal to or more than fifty (50%) percent but less than eighty (80%) percent of the median gross household income for households of the same size within the housing region in which the housing is located, and is subject to affordability controls.

Unit Distribution. A maximum of fifty (50%) percent of low and moderate income housing units shall be designed for and occupied by low income households. The remaining fifty (50%) percent of housing units shall be designed for and occupied by moderate income households.

Bedroom Distribution. All inclusionary developments shall provide the following bedroom distribution for low and moderate income housing: