![]() It includes “very low-income households.” Department of Housing and Urban Development or its successor agency. M. “Low-income households” means those households with incomes of eighty (80%) percent or below the median income in the City, adjusted for household size, as set forth from time to time by the U.S. L. “Land use category” means a single-family, multifamily, or nonresidential land use as further defined in the fee resolution. K. “Housing unit” means a dwelling unit of any tenure, type or price. “Housing cost” means, in the case of an ownership unit, the cost of principal, interest, property taxes (including assessments), private mortgage insurance, and homeowner’s insurance. J. “Housing cost” means, in the case of a rental unit, the cost of rent plus any utilities (electric, gas, water, sewer, and/or trash) that the household pays separate from the rent. I. “Finance Director” means the Finance Director of the City of Elk Grove. ![]() H. “Fee resolution” means the resolution adopted by the City Council that adopts, levies, and establishes the amount of the affordable housing fee. G. “Development fee” means the affordable housing fee, the fees described by this chapter to be collected upon the approval of building permits within City boundaries. 16.88.020 Definitions.Ī. “Affordable” means having a housing cost of no more than thirty-five (35%) percent of the gross household income, as calculated based on the maximum income for a low-income household or a very low-income household.ī. “Affordable housing fee program” means the program described in this chapter of levying, collecting, and administering the affordable housing fee.Ĭ. “Building permit” means the permit issued or required for the construction or improvement of additional square footage for any structure pursuant to and as defined by the City of Elk Grove building code.ĭ. “City of Elk Grove affordable housing fund” means that special interest-bearing trust fund established pursuant to EGMC Section 16.88.030.Į. “Costs” means amounts spent, or authorized to be spent, in connection with the planning, financing, acquisition and development of a facility including, without limitation, the costs of land, construction, engineering, administration, and consulting fees.į. “Deed-restricted” means a contract or agreement limiting the use and/or resale of the property in such a way that it will continue to provide affordable housing to low-income households or very low-income households for a specified period of time, and to which the City is a party. Further, the Study finds that market-rate residential and nonresidential development has a deleterious public impact, in that by increasing employment, it also increases the demand for housing for the added employees, and that market-rate housing development will not provide housing affordable for the additional lower-earning employees.Ĭ. The purpose of this chapter is to implement the General Plan requirement set forth in subsection (A) of this section and to use the authority in Article XI, Section 7 of the California Constitution by imposing fees to fund the cost of affordable housing, the need for which is generated, in part, by new residential development.ĭ. The City Council hereby determines that payment of the affordable housing fee will be collected for the purpose of funding affordable housing programs and projects as approved by the City Council or designated body. 16.88.010 Purpose.Ī. The City’s General Plan requires that the City plan for adequate housing for all economic segments of its population.ī. The Affordable Housing Nexus Study (“Study”) establishes that a nexus exists between new residential and nonresidential development and the need for affordable housing. AFFORDABLE HOUSING FEE FOR NEW RESIDENTIAL DEVELOPMENTġ6.88.030 Establishment of City of Elk Grove affordable housing fund.ġ6.88.040 Adoption of affordable housing fee.ġ6.88.050 Calculation of affordable housing fee.ġ6.88.070 Compliance with other laws.
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