Definitions. The following definitions shall apply in this bylaw. Where a term is undefined herein, the definition set forth in the Affordable Housing Guidelines adopted pursuant to this bylaw, if any, shall control. All other undefined terms in this section either be governed by Article II, Definitions, of this bylaw or shall be interpreted in accordance with such normal dictionary meaning or customary usage as is appropriate to the context.
AFFORDABLE HOUSING GUIDELINES
Written policies and criteria, recommended by the Groveland Housing Authority, or its designee, and adopted by the Planning Board, which supplement and serve to aid in the interpretation of this section. They may be revised from time to time without an amendment to this bylaw.
AFFORDABLE HOUSING PLAN
A document that constitutes the applicant's showing of compliance with the requirements of this section.
AFFORDABLE HOUSING UNIT
A dwelling unit available at a cost of no more than 30% of gross household income of households at or below 80% of the area median income as reported by the U.S. Department of Housing and Urban Development, including units listed under MGL c. 40B, §§ 20 through 24 and the Commonwealth's Local Initiative Program.
FOR-SALE UNITS
Shall be made available at a sales price that is calculated such that a hypothetical household with 1.5 persons per bedroom and with an income of 80% of area median income would be paying 30% of gross income towards a mortgage, mortgage insurance, condominium fee and property taxes for a standard thirty-year mortgage at 95% of sales price.
LOCAL HOUSING FUND
An account established by:
(1)
The Town for the specific purpose of creating affordable housing, including use by the Groveland Housing Authority for the purchase of land or units, or the development of new or rehabilitation of existing dwelling units for affordable housing occupants; or
(2)
A housing trust or community development corporation designated by the Town and created under the laws of the Commonwealth of Massachusetts.
PROJECT
Any residential or other development, including a cluster development, which results in the construction of new dwelling units, including those set forth in Subsection C herein. Where the project is a life-care facility development, as set forth herein, the term "dwelling unit" shall be construed to mean "assisted-living unit."
QUALIFIED AFFORDABLE HOUSING UNIT PURCHASER OR TENANT
An individual or family with household incomes that do not exceed 80% of the area median income, with adjustments for household size, as determined by regulations promulgated by the United States Department of Housing and Urban Development (HUD) and the Commonwealth's Local Initiative Program, or any successor federal or state program.
RENTAL UNITS
Shall be made available at an initial rent that is calculated such that a hypothetical household with 1.5 persons per bedroom and with an income of 80% of area median income would be paying 30% of gross income on rent and tenant-paid utilities, unless the occupant has a tenant-based subsidy, in which case the rent may be the amount allowed under the subsidy, provided that the occupant is not paying more than 30% of gross income on rent and tenant-paid utilities.