Whenever the following terms are used in this chapter, they shall have the meaning established by this section.
"Additional incentives"means the regulatory concessions and incentives as specified in
California Government Code subsections 65915 (k) to include, but not be limited to, the reduction of site development standards or zoning code requirements, direct financial assistance, approval of mixed-use zoning in conjunction with the housing development, and any other regulatory incentive which would result in identifiable cost avoidance or reductions that are offered in addition to a density bonus.
"Affordable"means housing units offered at an affordable rent or affordable sales price.
"Affordable rent"means monthly housing expenses, including a reasonable allowance for utilities, for rental target units reserved for very low- and lower-income households, not exceeding the following calculations:
1. Very low-income: 50 percent of the area median income for Los Angeles County, adjusted for household size appropriate for the unit, multiplied by 30 percent and divided by 12.
2. Lower-income: 60 percent of the area median income for Los Angeles County, adjusted for household size appropriate for the unit, multiplied by 30 percent and divided by 12.
"Affordable sales price"means a sales price at which very low- or lower-income households can qualify for the purchase of target units, calculated on the basis of underwriting standards of mortgage financing available for the development.
"Childcare facility"means a child daycare facility other than a family daycare home, including, but not limited to, infant centers, preschools, extended daycare facilities, and school age childcare centers.
"Density bonus"means a minimum density increase over the otherwise maximum allowable residential density.
"Density bonus housing agreement"means a legally binding agreement between a developer and the City to ensure that the requirements of this chapter are satisfied. The agreement, among other things, shall establish the number of target units, their size, location, terms and conditions of affordability, and production schedule. See Section
16.033.090 of this chapter.
"Density bonus units"means those residential units granted pursuant to the provisions of this chapter which exceed the maximum allowable residential density for the development site.
"Equivalent financial incentive"means a monetary contribution, based upon a land cost per dwelling unit savings that would otherwise result from a density bonus or additional incentive(s).
"Household size"means the number of persons assumed, as detailed in the table below, in determining the affordable rent or affordable sales price of target units, unless the housing development is subject to different assumptions imposed by other government regulations.
Housing Unit Type | Assumed Persons Per Housing Unit |
|---|
Non-Senior Units | Senior Units |
|---|
SRO (residential hotel) unit | 75% of 1 person | 75% of 1 person |
0 bedroom (studio) | 1 person | 1 person |
1 bedroom | 2 persons | 1 person |
2 bedrooms | 3 persons | 2 persons |
"Housing cost"means the sum of actual or projected monthly payments for all of the following associated with for-sale target units, principal and interest on a mortgage loan, including any loan insurance fees, property taxes and assessments, fire and casualty insurance, property maintenance and repairs, homeowner association fees, and a reasonable allowance for utilities.
"Housing development"means construction projects consisting of five or more residential units, including single-family, multifamily, and mobile homes for sale or rent.
"Lower-income household"means a household whose income does not exceed the lower income limits applicable to Los Angeles County, as published and periodically updated by the State's Department of Housing and Community Development pursuant to Section
50079.5 of the California Health and Safety Code.
"Maximum allowable residential density"means the maximum number of residential units permitted by the City's General Plan and Zoning Ordinance on the project site at the time of application, excluding the provisions of this chapter. If the housing development is within a planned development overlay zone, the maximum residential density shall be determined on the basis of the General Plan and the maximum density of the underlying zoning district.
"Moderate-income household"means a household whose income does not exceed the moderate-income limits applicable to Los Angeles County, as published and periodically updated by the State's Department of Housing and Community Development pursuant to Section
50093 of the California Health and Safety Code.
"Qualified housing development"means a housing development in which the applicant agrees to provide the following:
1. At least five percent of the total units of the housing development as target units affordable to very low-Income households; or
2. At least ten percent of the total units of the housing development as target units affordable to lower-income households; or
3. At least ten percent of the total units in a common interest development, as defined in Section
1351 of the Civil Code, as target units affordable to moderate-income households, provided that all units in the development are offered to the public for sale subject to the equity sharing and restrictions specified in Government Code Section
65915(c)(2); or
"Qualifying resident"means senior citizens or other persons eligible to reside in a senior citizen housing.
"Senior citizen housing"means a senior citizen housing development as defined in Sections
51.3 and
51.12 of the Civil Code, or mobilehome park that limits residency based on age requirements for housing for older persons pursuant to Section
798.76 or
799.5 of the Civil Code.
"Target unit"means a dwelling unit in a housing development which will be reserved for sale or rent to, and affordable to, very low-, lower-income or moderate-income households, and qualifying residents, so as to qualify for a density bonus and additional incentives pursuant to this chapter.
"Very low-income household"means a household whose income does not exceed the very low-income limits applicable to Los Angeles County, as published and periodically updated by the State's Department of Housing and Community Development pursuant to Section
50105 of the California Health and Safety Code.
(08-05; 13-04)