The following words or phrases as used in this Chapter shall have the following meanings:
"30% income household"means a household whose gross income does not exceed the 30% income limits applicable to the Los Angeles-Long Beach Primary Metropolitan Statistical Area, adjusted for household size, as published and periodically updated by HUD.
"50% income household"means a household whose gross income does not exceed 50% income limits applicable to the Los Angeles-Long Beach Primary Metropolitan Statistical Area, adjusted for household size, as published and periodically updated by HUD.
"80% income household"means a household whose gross income does not exceed 80% income limits applicable to the Los Angeles-Long Beach Primary Metropolitan Statistical Area, adjusted for household size, as published and periodically updated by HUD.
"Adjusted for household size"means 70% adjustment for a household of one person, 80% adjustment for a household of 2 persons, 90% adjustment for a household of 3 persons, 100% adjustment for a household of 4 persons, 108% adjustment for a household of 5 persons, 116% adjustment for a household of 6 persons, 124% adjustment for a household of 7 persons, 132% adjustment for a household size of 8 persons. For households of more than 8 persons, adjustments shall be made in accordance with applicable HUD regulations.
"Adjusted for household size appropriate for the unit"means for a household of one person in the case of a studio unit, 2 persons in the case of a one-bedroom unit, 3 persons in the case of a two-bedroom unit, 4 persons in the case of a three-bedroom unit, and 5 persons in the case of a four-bedroom unit.
"Affordable rent"means:
1. For 30% income households, the product of 30% times 30% of the area median income adjusted for household size appropriate for the unit.
2. For 50% income households, the product of 30% times 50% of the area median income adjusted for household size appropriate for the unit.
3. For 80% income households whose gross incomes exceed the maximum incomes for 50% income households, the product of 30% times 60% of the area median income adjusted for household size appropriate for the unit.
4. For moderate income households, the product of 30% times 110% of the area median income adjusted for household size appropriate for the unit.
"Area median income or AMI"means the median family income applicable to the Los Angeles-Long Beach Metropolitan Statistical Area, as published and periodically updated from time to time by HUD.
"Dwelling unit"means dwelling unit as defined in Santa Monica Municipal Code Section 9.52.020.0730, or any successor thereto, and shall also include a unit in single-room occupancy housing, as defined in Santa Monica Municipal Code Section 9.51.020(A)(1)(d)(ii), or any successor thereto.
"Floor area"means floor area as defined in Santa Monica Municipal Code Section 9.52.020.0870, or any successor thereto.
"Gross income"means gross income as defined in Title 25, Section
6914 of the California Code of Regulations, as amended from time to time, in accordance with law.
"HCD"means the California Department of Housing and Community Development, or its successor.
"Housing cost"means housing cost as defined in Title 25, Section
6920 of the California Code of Regulations, as amended from time to time in accordance with law.
"HUD"means the United States Department of Housing and Urban Development or its successor.
"Market rate unit"means a dwelling unit for which the rent or sales price is not restricted by this Chapter.
"Moderate income household"means a household whose gross income exceeds the maximum income for an 80% income household and whose gross income does not exceed the lesser of: (1) 120% of the area median income, adjusted for household size, as published and periodically updated by HCD; or (2) twice the income limit for 50% income households, adjusted for household size, as published and periodically updated by HUD.
"Multiple-unit project"means a multiple-unit residential development, including, but not limited to, apartments, condominiums, townhouses or the multiple-unit residential component of a mixed-use project, for which City permits and approvals are sought.
"Multiple-unit project applicant"means any person, firm, partnership, association, joint venture, corporation, or any entity or combination of entities which seeks City development permits or approvals to develop a multiple-unit project.
"Parcel"means parcel as defined in Santa Monica Municipal Code Section 9.52.020.1530, or any successor thereto.
"Rent"means rent as defined in Title 25, Section
6918 of the California Code of Regulations, as amended from time to time in accordance with law.
"Utility allowance"means a reasonable allowance for utilities as published annually by the Santa Monica Housing Authority.
"Vacant parcel"means a parcel in a Multiple-Unit Residential District that has no residential structure located on it as of August 20, 1998, or which had a residential structure located on it on that date which was subsequently demolished pursuant to a demolition order of the City.
(Added by Ord. No. 2486CCS §§ 1, 2, adopted June 23, 2015; Amended by Ord. No. 2742CCS § 2, adopted April 11, 2023)