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Ord 2004-017
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Ord 2004-017
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Ordinance
Document Date (6)
11/15/2004
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publish notices of the availability of Target Units according to guidelines <br />established by the Approval Authority; <br />3. Annual Report. The owner shall submit an annual report summarizing the <br />occupancy of each Inclusionary Unit for the year, demonstrating the <br />continuing income-eligibility of the tenant. The City Manager may require <br />additional information if he or she deems it necessary; <br />4. Subsequent Rental to Income-Eligible Tenant. The owner shall apply the same <br />rental temis and conditions to tenants of Target Units as are applied to all <br />other tenants, except as required to comply with this Article (for example, <br />rent levels, occupancy restrictions and income requirements) or with other <br />applicable government subsidy programs. Discrimination against persons <br />receiving housing assistance is prohibited; <br />5. Changes in Tenant Income. If, after moving into a Target Unit, a tenant's <br />Household income exceeds the limit for that unit, the tenant Household may <br />remain in the unit as long as his or her Household income does not exceed 140 <br />percent of the income limit. Once the tenant's income exceeds 140 percent of <br />the income limit, the following shall apply: <br />a). If the tenant's income does not exceed the income limits of other Target <br />Units in the Residential Development, the owner may, at the owner's <br />option, allow the tenant to remain in the original unit and <br />redesignate the unit as affordable to Households of a higher income <br />level, as long as the next vacant unit is re-designated for the income <br />category previously applicable to the tenant's Household. Otherwise, the <br />tenant shall be given one year's notice to vacate the unit. If during the <br />year, a Target Unit becomes available and the tenant meets the income <br />eligibility for that unit, the owner shall allow the tenant to apply for <br />that unit; <br />b). If there are no units designated for a higher income category within the <br />Development that maybe substituted for the original unit, the tenant <br />shall be given one year's notice to vacate the unit. If within that <br />year, another unit in the Residential Development is vacated, the <br />owner, at the owner's option, may allow the tenant to remain in the <br />original unit and raise the tenant's rent to market-rate and designate the <br />newly vacated unit as a Target Unit affordable at the income-level <br />previously applicable to the unit converted to market rate. The newly <br />vacated unit must be comparable in size (for example, number of <br />bedrooms, bathrooms, square footage, etc.) as the original unit. <br />ORDINANCE NO. 2004-017 10 <br />
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