As used in this Article XVI, the following definitions shall apply. To the extent that there is any conflict between the definitions set forth herein or Article II, this Article XVI shall control.
AFFORDABLE HOUSING RESTRICTION
A contract, mortgage agreement, deed restriction, or other legal instrument, acceptable in form and substance to the Town, that effectively restricts occupancy of an affordable housing unit to a qualified purchaser or renter, and which provides for administration, monitoring, and enforcement of the restriction during the term of affordability. An affordable housing restriction shall run with the land in perpetuity or for the maximum period allowed by law, and be entered into and enforceable under the provisions of MGL c. 184, §§ 31 through 33, or other equivalent state law.
AFFORDABLE UNIT
A dwelling multifamily housing unit constructed per the requirements of this Article XVI that is subject to an affordable housing restriction recorded in its chain of title limiting the sale price or for rent or limiting purchase and occupancy to a low-income or moderate-income household, and which is eligible for inclusion in the Chapter 40B Subsidized Housing Inventory, as determined by the Executive Office of Housing and Livable Communities (EOHLC).
LOW INCOME
A combined household income which is less than or equal to 50% of area median income (AMI) as determined by the U.S. Department of Housing and Urban Development (HUD), or any other limit established under MGL c. 40B, its regulations or any amendment thereto.
MARKET-RATE UNIT
A dwelling unit in a multifamily residential development that is not restricted in terms of price or rent.
MODERATE INCOME
A combined household income which is less than or equal to 80% of area median income (AMI), as determined by the U.S. Department of Housing and Urban Development (HUD), or any other limit established under MGL c. 40B, its regulations or any amendment thereto.
MULTIFAMILY HOUSING
A dwelling with three or more units or two or more buildings on the same lot, each having two or more units.
PROJECT
A proposed use or development pursuant to this Article XVI of a lot or set of one or more contiguous lots held in common ownership and located within the MCOD.
STRUCTURED PARKING
A structure accessory to a multifamily use in which vehicle parking is accommodated on multiple stories; a vehicle parking area that is underneath all or part of any story of a structure; or a vehicle parking area that is not underneath a structure, but is entirely covered, and has a parking surface at least eight feet below grade. Structured parking does not include surface parking or carports, including solar carports.