§ 16-36A.003. Definitions.

As used in this chapter, unless specifically stated otherwise, the following terms shall have the meanings set forth below:

1.

Actively marketed: Applicant shall coordinate with the City of Atlanta Office of Housing and Community Development to locate and place Workforce Residents in available affordable workforce housing units. If Applicant coordinates in writing and in a commercially reasonable manner with the City of Atlanta Office of Housing and Community Development for a period of 60 days with respect to any affordable workforce housing unit from the completion of such units or the vacation of any such unit by any Workforce Resident, and despite such coordination, such unit has not been leased to Workforce Resident then such units shall be counted towards the affordable workforce housing unit requirement if so certified by the City of Atlanta Office of Housing and Community Development.

2.

Affordable workforce housing unit(s): A residential rental unit in the BeltLine Overlay District that complies with the affordability requirement in section 16-36A.004.

3.

Applicant: Any person, firm, partnership, association, joint venture, corporation, or any other entity or combination of entities or affiliated entities and any transferee of all or part of the real property at one location, which after this chapter takes effect develops a total of ten or more new residential rental dwelling units at one location in the BeltLine Overlay District.

4.

At one location: All real property of the Applicant in the BeltLine Overlay District if:

a.

Such properties are contiguous at any point;

b.

Such properties are separated only by a public or private right-of-way or utility corridor right-of-way, at any point; or

c.

Such properties are separated only by other real property of the Applicant which is not subject to this chapter at the time of any building permit, site plan, and development or subdivision application by the Applicant.

5.

LURA: A Land Use Restrictive Agreement between the City and the Applicant that shall encumber property in a manner that will require the development and active marketing of a percentage of units as affordable workforce housing units.

6.

Market rate unit(s): A residential rental unit that is not an affordable workforce housing unit.

7.

Workforce Resident: The person or persons occupying an affordable workforce housing unit earning in the aggregate no more than 80 percent of AMI for the Atlanta-Sandy Springs-Marietta area, as published by HUD or no more than 60 percent of AMI depending on the applicable affordability requirement below. The published income limits will be adjusted by household size. The income limits and rent limits will be adjusted annually according to the HUD published limits.

( Ord. No. 2017-72(17-O-1542), § 1(Exh. A), 11-29-17 )