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Ordinance No. 2287 <br />Page 13 of 21 <br /> <br /> <br /> <br /> <br />I. For purposes of calculating the affordable rent or affordable sales price of an inclusionary <br />unit, the following household size assumptions shall be used for each applicable dwelling unit <br />type: <br /> <br />Unit Size <br />HUD Income Category by <br />Household Size <br />Studio unit 1 person <br />1 bedroom unit 2 persons <br />2 bedroom unit 3 persons <br />3 bedroom unit 4 persons <br />4 or more bedroom unit 5 or more persons <br /> <br />J. The city's adopted preference and priority system shall be used for determining eligibility <br />among prospective beneficiaries for affordable housing units created through this inclusionary <br />zoning ordinance. <br />(Ord. 1818 § 1, 2000) <br />§ 17.44.060. Affordable housing agreement. <br />An affordable housing agreement shall be entered into by the city and the project owner. The <br />agreement shall record the method and terms by which a project owner shall comply with the <br />requirements of this chapter. The approval and/or recordation of this agreement shall take place prior <br />to final map approval or, where a map is not being processed, prior to the issuance of building permits <br />for such lots or units. <br />The affordable housing agreement shall state the methodology for determining a unit's initial and <br />ongoing rent or sales and resale price(s), any resale restrictions, occupancy requirements, eligibility <br />requirements, city incentives including second mortgages, recapture mechanisms, the administrative <br />process for monitoring unit management to assure ongoing affordability and other matters related to <br />the development and retention of the inclusionary units. <br />In addition to the above, the affordable housing agreement shall set forth any waiver of the affordable <br />housing fee. For projects which meet the affordability threshold with very low and/or low-income <br />units, all units in the project shall be eligible for a waiver of the affordable housing fee. For ownership <br />residential projects which meet the affordability threshold with moderate income units, only the <br />inclusionary units shall be eligible for a waiver of the affordable housing fee except as otherwise <br />approved by the city council. <br />To assure affordability in accordance with the terms of this chapter and over the life of the unit (i.e. in <br />perpetuity) the affordable housing agreement shall be recorded with the property deed or other <br />method approved by the city attorney. <br />Page 42 of 126