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C. hlclusionarv Units may be of smaller size than the market units in the project. In <br />addition, Inclusionarv Units may have fewer interior amenities than the market rate <br />units in the project. t [owever, the City may require that the Inclusionarv Units meet <br />certain minimum standards. These standards shall be set forth in the Affordable <br />Housing Agreement Ibr the project. <br />D. Inclusionarv units shall remain affordable in perpetuity through recordation of an <br />Affordable Housing Agreement as described in Section 17.~1~1.060 of this Chapter. <br />I/. All Inclusionarv Units in a project shall be constructed concurrently within or prior to <br />the construction of the project's market rate traits. <br />F. For purposes of calculating the Affordable Rent or Affordable Sales Price of• an <br />hiclusionary Unit the following household size assumptions shall be used for each <br />applicable dwelling Unit "I"ype: <br />Unit Sizc <br />Studio Unit <br />One I3edroom Unit <br />fwo I3edroom Unit <br />Three Bedroom Unit <br />[~ow• or more Bedroom Unit <br />HUD Income Category <br />By Household Size <br />One Person <br />I"wo Persons <br />I'hrec Persons <br />Four Persons <br />Five or more Persons <br />G. The City's adopted preference and priority system shall be used for determining <br />eligibility among prospective beneficiaries for affordable housing traits created <br />through the Inclusionarv Zoning Ordinance. <br />Section 17.4.1.060. Affordable Housing Agreement <br />An Affordable I lousing Agreement shall be entered into by the City and the Project <br />Owner. The Agreement shall record the method and terms by which a Project Owner <br />shall comply with the requirements of this C hapter. The approval and/or recordation of <br />this Agreement shall take place prior to final map approval or, where a map is not being <br />processed, prior to the issuance of building permits for such lots or units. <br />"fhe Affordable Housing Agreement shall state the methodology for determining a units <br />initial and ongoing rent or sales and resale price(s), any resale restrictions, occupancy <br />requirements, eligibility requirements, City incentives including second mortgages, <br />recapture mechanisms, the administrative process for monitoring unit management to <br />assure ongoing affordability and other matters related to the development and retention of <br />the inclusionary units. <br />Pa<,e 6 <br />IA('I IiSIUN:ARl'/LINING ORUINANC6 Cl upprdudSll~. <br />8! 15!nn : ,r, P~ti1 <br />