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<br />R. Income: Low-lncome Owner Household means a Household whose gross <br />annual income does not exceed 7Q 80 percent of the area median income <br />adjusted for family household size and revised annually. <br /> <br />S. Income: Moderate-Income Household means a Household whose gross <br />annual income does not exceed -1-=t-Q 120 percent of the area median income, <br />adjusted for family household size and revised annually. <br /> <br />T. Income: Very Low-Income Household means a Household whose gross <br />annual income does not exceed 50 percent of the area median income, <br />adjusted for family household size and revised annually. <br /> <br />U. Living Unit means one or more rooms designed, occupied, or intended for <br />occupancy as separate living quarters, with cooking, sleeping, and bathroom <br />facilities. <br /> <br />V. Market-Rate Unit means a dwelling unit in a Residential Development that is <br />not an Inclusionary Unit. <br /> <br />W. Median Sales Price means sales price in San Leandro as reported by <br />Data Quick, California Resources, or similar service on February and <br />August of each year. <br /> <br />x. Off-Site Unit means an Inclusionary Unit that will be built separately or at a <br />different location than the main development. <br /> <br />Y. On-Site Unit means an Inclusionary Unit that will be built as part of the main <br />development. <br /> <br />Z. Residential Development means the construction of a new residential <br />project consisting or the conversion of an existinq rental proiect to a for <br />sale proiect that consists of two new dwelling units or more as defined in <br />the Zoning Code. <br /> <br />AA. Rental Project means a residential project, or portion thereof, which is intended <br />to be rented to tenants upon completion. <br /> <br />6-3006 Residential Development. <br /> <br />For all Residential Developments, at least 15 percent of the total units must be Inclusionary Units <br />restricted for occupancy by moderate-, low- or very low-income Households at either the <br />Affordable Rent or Affordable Ownership cost appropriate for the income of the Household. <br />The number of Inclusionary Units required for a particular project will be determined only <br />once, at the time of tentative or parcel map approval, or, for developments not processing a map, <br />prior to issuance of a building permit. If a change in the subdivision design results in a change in <br />the total number of units, the number of Inclusionary Units required will be recalculated to <br />coincide with the final approved project. <br /> <br />5 <br />