§ 1610-0100. ASSURANCE OF AVAILABILITY OF AFFORDABLE DWELLING UNITS  


Latest version.
  • (a)

    In order to obtain the density bonus under this Chapter, those units constructed for lower or very low income households shall remain available to those income groups for a period of 30 years, or longer if so required by the construction or mortgage financing assistance program, mortgage insurance program, or rental subsidy program.

    (b)

    In order to obtain the density bonus under this Chapter, if no concessions or incentives are provided by the County pursuant to Government Code 65915, the units constructed for lower or very low income households shall remain available to those income groups for a period of 10 years, or longer if so required by the construction or mortgage financing assistance program, mortgage insurance program, or rental subsidy program.

    (c)

    An agreement between the housing developer and the County assuring the availability of these units shall be recorded.