Whenever the following terms are used in this chapter, they shall have the meaning established by this section:
"Affordable housing"means housing for which the allowable housing expenses paid by a qualifying household shall not exceed a specified fraction of the county median income, adjusted for household size, as follows:
1. Extremely low-income, rental or ownership units: the product of thirty percent times thirty percent of the county median income, adjusted for household size;
2. Very low-income, rental and ownership units: the product of thirty percent times fifty percent of the county median income, adjusted for household size;
3. Low-income, ownership units: the product of thirty percent times eighty percent of the county median income, adjusted for household size; and
4. Low-income, rental units: the product of thirty percent times seventy percent of the county median income, adjusted for household size.
"Affordable housing agreement"means a legally binding agreement between a developer and the city to ensure that the inclusionary requirements of this chapter are satisfied. The agreement establishes, among other things, the number of required inclusionary units, the unit sizes, location, affordability tenure, terms and conditions of affordability and unit production schedule.
"Allowable housing expense"means the total monthly or annual recurring expenses required of a household to obtain shelter. For an ownership unit, allowable housing expenses include loan principal and interest at the time of initial purchase by the homebuyer, allowances for property and mortgage insurance, property taxes, homeowners' association dues and a reasonable allowance for utilities as defined by the Code of Federal Regulations (24 CFR
982). For a rental unit, allowable housing expenses include rent and a utility allowance as established and adopted by the City of Carlsbad housing authority, as well as all monthly payments made by the tenant to the lessor in connection with use and occupancy of a housing unit and land and facilities associated therewith, including any separately charged fees, utility charges, or service charges assessed by the lessor and payable by the tenant.
"Affordable housing policy team"shall consist of the Community and Economic Development Director, City Planner, Housing and Neighborhood Services Director, Administrative Services Director/Finance Director and a representative of the City Attorney's office.
"Combined inclusionary housing project"means separate residential development sites which are linked by a contractual relationship such that some or all of the inclusionary units which are associated with one development site are produced and operated at a separate development site or sites.
"Conversion"means the change of status of a dwelling unit from an ownership unit to a rental unit or vice versa and/or a market-rate unit to a unit affordable to lower-income households.
"Density bonus"shall have the same meaning as defined in Section 21.86.020(A)(7) of this title.
"Extremely low-income household"means those households whose gross income is equal to or less than thirty percent of the median income for San Diego County as determined by the U.S. Department of Housing and Urban Development.
"Financial assistance"means assistance to include, but not be limited to, the subsidization of fees, infrastructure, land costs, or construction costs, the use of redevelopment set-aside funds, community development block grant (CDBG) funds, or the provision of other direct financial aid in the form of cash transfer payments or other monetary compensation, by the City of Carlsbad.
"Inclusionary credit"means a reduction in the inclusionary housing requirement granted in return for the provision of certain desired types of affordable housing or related amenities as determined by the City Council.
"Inclusionary housing project"means a new residential development or conversion of existing residential buildings which has at least fifteen percent of the total units reserved and made affordable to lower-income households as required by this chapter.
"Inclusionary unit"means a dwelling unit that will be offered for rent or sale exclusively to and which shall be affordable to lower-income households, as required by this chapter.
"Income"means any monetary benefits that qualify as income in accordance with the criteria and procedures used by the City of Carlsbad housing and redevelopment department for the acceptance of applications and recertifications for the tenant based rental assistance program, or its successor.
"Low-income household"means those households whose gross income is more than fifty percent but does not exceed eighty percent of the median income for San Diego County as determined annually by the U.S. Department of Housing and Urban Development.
"Lower-income household"means low-income, very low-income and extremely low-income households, whose gross income does not exceed eighty percent of the median income for San Diego County as determined annually by the U.S. Department of Housing and Urban Development.
"Market-rate unit"means a dwelling unit where the rental rate or sales price is not restricted either by this chapter or by requirements imposed through other local, state, or federal affordable housing programs.
"Offsets"means concessions or assistance to include, but not be limited to, direct financial assistance, density increases, standards modifications or any other financial, land use, or regulatory concession which would result in an identifiable cost reduction enabling the provision of affordable housing.
"Ownership unit"means a residential unit with a condominium or other subdivision map allowing units to be sold individually.
"Rental unit"means a residential unit with no condominium or other subdivision map allowing units to be sold individually.
"Residential development"means any new residential construction of ownership or rental units; or development revisions, including those with and without a master plan or specific plan, planned unit developments, site development plans, mobile home developments and conversions of apartments to condominiums, as well as dwelling units for which the cost of shelter is included in a recurring payment for expenses, whether or not an initial lump sum fee is also required.
"Target income level"means the income standards for extremely low, very low and low-income levels within San Diego County as determined annually by the U.S. Department of Housing and Urban Development, and adjusted for family size.
"Total residential units"means the total units approved by the final decision-making authority. Total residential units are composed of both market-rate units and inclusionary units.
"Very low-income household"means a household earning a gross income equal to fifty percent or less of the median income for San Diego County as determined annually by the U.S. Department of Housing and Urban Development.
(Ord. NS-535 § 1, 2000; Ord. NS-794 § 3, 2006; Ord. CS-109 § III, 2010; Ord. CS-164 §§ 10, 12, 14, 2011)