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04
City of Pleasanton
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1/11/2024 2:46:50 PM
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1/11/2024 2:46:37 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
1/18/2024
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ATTACHMENT 2 <br />"Life of the inclusionary unit": The term during which the affordability provisions for <br />inclusionary units shall remain applicable. The affordability provisions for inclusionary <br />units shall apply in perpetuity from the date of occupancy, which shall be the date the city <br />of Pleasanton performs final inspection for the building permit. <br />"Lower income housing fee": A fee paid to the city by an applicant for a project in the <br />city, in lieu of providing the inclusionary units required by this chapter. <br />"Median income for Alameda County": The median gross annual income in Alameda <br />County as determined by HUD, adjusted for household size. <br />"Off-site inclusionary units": Inclusionary units constructed within the city of Pleasanton <br />on a site other than the site where the applicant intends to construct market rate units. <br />"Ownership units": Inclusionary units developed as part of a residential development <br />which the applicant intends will be sold, or which are customarily offered for individual <br />sale. <br />"Project": A residential housing development at one location or site including all <br />dwelling units for which permits have been applied for or approved. <br />"Project owner": Any person, firm, partnership, association, joint venture, corporation, or <br />any entity or combination of entities which holds fee title to the land on which the project <br />is located. <br />"Property owner": The owner of an inclusionary unit, excepting a "Project Owner". <br />"Recapture mechanisms": Legal programs and restrictions by which subsidies provided to <br />inclusionary units will be controlled and repaid to the city and/or other entity upon resale, <br />to ensure the ongoing preservation of affordability of inclusionary units or to ensure <br />funds for inclusionary units remain within the city's affordable housing program. <br />"Rental units": Inclusionary units which the applicant intends will be rented or leased, or <br />which are customarily offered for lease or rent. <br />"Resale restrictions": Legal restrictions which restrict the price of inclusionary units to <br />ensure that they remain affordable to very low, low, and moderate income households on <br />resale. <br />"Residential project, multiple-family": A residential project consisting of condominiums, <br />apartments, and similar dwellings attached in groups of four (4) or more units per <br />structure and including multiple units located on a single parcel of land under common <br />ownership. <br />"Residential project, single-family": A residential project consisting of detached and <br />attached single-family homes, including paired single-family, duets, duplexes, <br />townhomes, and similar unit types where each unit is located on a separate parcel of land. <br />"Unit type": Various dwelling units within a project which are distinguished by number <br />of bedrooms and/or the type of construction (e.g., detached single-family, duets, <br />townhomes, condominiums). (Ord. 1818 § 1, 2000)
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