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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 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 an Additional Incentive(s); or 2. A Density Bonus, where an Additional Incentive(s) is not requested or is determined to be unnecessary. (See 6-3106 of this Article.) 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 construction projects consisting of five or more residential units, including single-family, multi-family, and mobile homes for-sale or rent, pursuant to this Article. The Housing Development also includes a project that substantially rehabilitates and converts an existing commercial building or the substantial rehabilitation of an existing multifamily dwelling where the result would be a net increase in available residential units. L. Lower Income Household means households whose income does not exceed the lower income limits (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 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. Non-Restricted Unit means all units within a Housing Development excluding the Target Units. O. gualifyin~ Resident means senior citizens or other persons eligible to reside in Senior Citizen Housing. P. Senior Citizen Housing means a housing development consistent with the California Fair Employment and Housing Act (Government Code Section 12900 et. seq., including 12955.9 in particular), which has been designed to meet the physical and social needs of senior citizens, and which otherwise qualifies as housing for older persons as that phrase is used in the federal Fair Housing Amendments Act of 1988 ORDINANCE NO. 20040] 7 3