Definitions. In this article, unless another meaning is plainly intended, the following words have the meanings indicated.
APPLICANT
Any person, firm, partnership, association, joint venture, corporation, or any other entity or combination of entities, who submits to the Planning Commission for site plan, subdivision, or building permit approval under Part 7 of this Chapter 18:1, and for which compliance is required by Subsection C of this section regardless of whether any land has been transferred to another party.
AT ONE LOCATION
All adjacent land of the applicant if:
(1)
The property lines are contiguous or nearly contiguous at any point;
(2)
The property lines are separated only by a public or private street, road, highway or utility right-of-way, or other public or private right-of-way at any point; or
(3)
The property lines are separated only by other land of the applicant which is not subject to this Chapter 18:1 at the time of any permit, site plan, development, or subdivision application by the applicant.
CERTIFICATE OF ELIGIBILITY
A certificate issued by the Housing Department, and signed by the person seeking to own or rent an MPDU and the Director of the Housing Department, that certifies that the person is qualified to buy or rent an MPDU.
CONSUMER PRICE INDEX
The latest published version of the Consumer Price Index for All Urban Consumers (CPI-U) of the U.S. Department of Labor for the Baltimore metropolitan area.
CONTROL PERIOD
The time an MPDU is subject to either resale price controls and owner occupancy requirements or maximum rental limits. The control period is 15 years for sale units and 25 years for rental units, and begins on the date of original sale or initial rental. Except for bulk transfers as herein permitted, if a MPDU is sold to an eligible person during the control period, the unit must be treated as a new MPDU and a new control period must begin on the date of the original sale.
DATE OF INITIAL RENTAL
The date of the first lease agreement for a MPDU.
DATE OF ORIGINAL SALE
The date of settlement for purchase of a MPDU and includes the first as well as subsequent sales.
ELIGIBLE PERSON
A person or household:
(1)
Whose household median income is 80% or less than the average household median income for the Baltimore MSA, with adjustments for household size, as reported by the United States Department of Housing and Urban Development (HUD);
(2)
Who holds a valid certificate of eligibility that entitles the person or household to buy or rent an MPDU; and
(3)
Who has not owned any residential property during the previous five years.
HOUSING DEPARTMENT
Queen Anne's County Department of Housing and Community Services.
MARKET RATE UNIT
A dwelling unit, the value of which is not controlled by provisions of this article.
MODERATELY PRICED DWELLING UNIT
A dwelling unit which:
(1)
Is offered for sale or rent to eligible persons or the Housing Department and sold or rented under this article;
(2)
Is offered for a maximum sales price based on number of bedrooms, to be determined by the Housing Department by:
(a)
First, calculating the amount of monthly income available for mortgage principal and interest by using the formula: (median income for three-person household) x (target income range) x (portion of household income available for housing) / (12 months) — (property taxes) — (hazard insurance);
(b)
Second, calculating a monthly payment for a thirty-year term mortgage at market interest rate, ensuring that the monthly payment is less than or equal to the calculation in Subsection (2)(a);
(3)
The sales price of which shall be recalculated each year by the Housing Department by taking the maximum base prices and adjusting them up or down according to changes in the CPI;
(4)
Is offered for a monthly rental price of:
(a)
Eighty percent of HUD's fair market rents if the landlord pays all utilities (heat, water, sewer, electric, and trash); or
(b)
Sixty-five percent of HUD's fair market rents if the landlord does not pay all utilities (heat, water, sewer, electric, and trash); and
(5)
The monthly rental price of which shall be recalculated each year by the Housing Department based on HUD's recalculation of fair market rents.
MODERATELY PRICED DWELLING UNIT AGREEMENT
A written agreement from an applicant to provide MPDUs that is provided in a form and executed in manner consistent with regulations adopted to administer this article.