In this Article, the following words have the following meanings:
(a) Area-wide median income means the latest published income level determined to represent the median income for the Washington area by the U.S. Department of Housing and Urban Development, adjusted for household size.
(b) Consumer Price Index means the latest published version of the Consumer Price Index for all Urban Consumers (CPI-U) for the Washington-Arlington-Alexandria Core Based Statistical Area (CBSA), as published by the United States Department of Labor, Bureau of Labor Statistics, or any similar index designated by regulation.
(c) Date of original sale means the date of settlement for purchase of a workforce housing unit.
(d) Date of original rental means the date that the first lease of a workforce housing unit takes effect.
(e) Department means the Department of Housing and Community Affairs.
(f) Developer means a person or other legal entity that seeks to develop a housing project.
(g) Director means the Director of the Department or the Director’s designee.
(h) Dwelling unit means a building or part of a building that provides complete living facilities for one family, including at a minimum facilities for cooking, sanitation, and sleeping.
(i) Housing Initiative Fund means the fund established under Section 25B-9.
(j) Workforce housing project means a housing or mixed-use project where dwelling units are sold or rented to households with incomes at or below 120% of the area-wide median income under an agreement between the developer and the Director.
(k) Workforce housing unit means a dwelling unit in a workforce housing project that is subject to rent limits or sales controls under this Article.
(l) Program means the workforce housing program. (, § 1; , § 2; , §1.)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
