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their size; location; terms and conditions of affordability; and production schedule. (See 6-3112 of this Article.) H. Density Bonus Units means those residential units granted pursuant to the provisions of this Article which exceed the units allowed under the otherwise Maximum Residential Density for the development site. I. Equivalent Financial Incentive means a monetary contribution, based upon a land cost per dwelling unit value, equal to one of the following: 1. A Density Bonus and a Concession(s) or Incentive(s); or 2. A Density Bonus, where a Concession(s) or Incentive(s) is not requested or is determined to be unnecessary. (See 6-3106 of this Article.) 1. Housing Cost means the sum of actual or projected monthly payments for all of the following associated with for-sale Target Units: principal and interest on a mortgage loan, including any loan insurance fees, property taxes and assessments, fire and casualty insurance, property maintenance and repairs, homeowner association fees, and a reasonable allowance for utilities. K. Housing Development means one or more groups of projects consisting of five or more residential units, including single-family, multi-family, common interest developments and mobile homes for-sale or rent, pursuant to this Article. The term Housing Development also includes a project that substantially rehabilitates and converts an existing commercial building or the substantial rehabilitation of an existing multi-family dwelling where the result would be a net increase in available residential units. L. Low Income Household means households whose income does not exceed the lower income limits (currently 80% of the AMI) applicable to the Oakland, California PMSA, as published and periodically updated by the State Department of Housing and Community Development pursuant to Section 50079.5 of the California Health and Safety Code. M. Maximum Residential Density means the maximum number of residential units permitted by the City's Zoning Code and land use element of the General Plan at the time of application, excluding the provisions of this Article. If the housing development is within a planned development overlay zone, the maximum residential density shall be determined on the basis of the general plan and the maximum density of the base zoning. N. Moderate Income Household means a household whose income does not exceed the moderate income limits (currently 120% of the AMI) applicable to the Oakland, California PMSA, as published and periodically updated by the State ORDINANCE NO. 2006-010 3