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Project Owner: Any person, Linn, 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 />Yroicct: A residential housing development at one location or site including all dwelling <br />units for which permits have been applied for or approved. <br />Property Owner: 1~he owner of an Inclusionary Unit, excepting a "Project Owner". <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 />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 <br />resale, to insure the ongoing preservation of alfordability of Inclusionary Units or to <br />insure funds tier Inclusionary Units remain within the City's affordable housing program. <br />Resale Restrictions: Legal restrictions which restrict the price of Inclusionary Units to <br />insure that they remain aft<~rdable to Very Low, Low, and Moderate Income households <br />on resale. <br />Residential Project, Multiple Family: A residential project consisting of condominiums, <br />apartments, and similar dwellings attached in groups of four or more units per structure <br />and including multiple units located on a single parcel of land under common ownership. <br />Residential Project, Sinr~le 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 nwnber of <br />bedrooms and/or the type of construction (e. g., detached single lamily, duets. <br />townhomes. condominiums). <br />ARTICLE 11 -- "CONING REQUIREMENTS <br />Section 17.4~t.OdO. General Requirements/Applicability. <br />A. Residential llevelopment <br />For all new Multiple Family Residential Projects of I S units or more. at least 15`% of the <br />project's dwelling units shall be affordable to Very Low, and/or Low Income households. <br />For all new Single Family Kesidential Projects of 15 units or more, at least ?U% of the <br />Page 4 <br />IN('LUSIUNARY /l~A~ING ORDWANCI. CC epp~ dudtil~l <br />Si I Sinn ; i~~ IT1 <br />