§ 4.7.1. Definitions.

a.

Adjusted median income (A.M.I.). The Palm Beach County median income, based on a family of four, as published by Florida Housing Finance Agency.

b.

Affordability controls. Restrictions placed on dwelling units by which the price of such units and/or the income of the purchaser or lessee will be restricted in order to ensure that the units remain affordable to very low, low, or moderate income households.

c.

Carver Estates Overlay District. The area shown on the map below. [Amd. Ord. 03-08 1-15-08]

d.

City. The City of Delray Beach, Florida.

e.

CRA. The Delray Beach Community Redevelopment Agency.

f.

Density bonus program. The Density Bonus program is an incentive program intended to encourage developers to build affordable owner-occupied and rental housing within the City of Delray Beach. The concept is that for every workforce housing unit that a developer builds, a calculated number of market rate units greater than would be allowed otherwise may be built.

g.

Density bonus unit. An additional dwelling unit added above the base number of units authorized once performance standards have been applied and the density has been computed under existing codes.

h.

Development. A housing development at one location including dwelling units for which approvals have been granted.

i.

Eligible occupant. A person who qualifies for participation in the program. Priority will be given to persons who have lived or worked within the City limits of Delray Beach continually for one year immediately prior to the date of application for a workforce housing unit related to the Density Bonus Program and who qualify for participation in the program.

j.

First time home buyer. A person who has not held ownership in a residence within the past three years.

k.

Household. A single person living alone, or two or more persons sharing residency, with a combined income available to cover household expenses.

l.

Infill workforce housing area. The area located west of the Intracoastal Waterway and East of I-95, outside of the coastal high hazard area, as depicted on the maps below:

m.

Low income household. A household with a gross, combined income between 61 percent and 80 percent of the Palm Beach County Adjusted Median Income (as defined by the Florida Housing Finance Authority).

n.

Moderate income household. A household with a gross, combined income between 81 percent and 120 percent of the Palm Beach County Adjusted Median Income (as defined by the Florida Housing Finance Authority).

o.

Other workforce housing. Workforce Housing is required in areas covered by Land Development Regulations Section 4.4.13(I), where the density is increased; and by Section 4.3.4 (J)(4)(b), where a fifth floor is added to the building.

p.

Southwest Neighborhood Overlay District. The area zoned RM between Interstate 95 and S.W. 1st Avenue, from Atlantic Avenue to S.W. 2nd Street, except along SW 12th Avenue, where it extends south to SW 3rd Street, as shown in the map below. [Amd. Ord. 06-14 4/1/14]; [Amd. Ord. 52-08 11/18/08]; [Amd. Ord. 33-08 8/19/08]

q.

Southwest 10 ^th Street Overlay District. The area at the Southwest corner of Swinton Avenue and 10 ^th Street as shown in the map below.

r.

Very low income household. A household with a gross, combined income not exceeding 60 percent of the Palm Beach County Adjusted Median Income (as defined by the Florida Housing Finance Authority).

s.

Workforce housing unit. A dwelling unit for which the rent or mortgage payment (including principal, interest, taxes and Insurance P.I.T.I.) does not exceed 35 percent of the gross income of households that classify as very low, low, or moderate income households and meets the other requirements of the Family/Workforce Housing Program.

t.

I-95/CSX Railroad Corridor Overlay District. The area located east of the CSX Railroad, west of I-95, south of the E-4 Canal, and north of the Historic Depot property, as shown in the map below. [Amd. Ord. 10-07 3/20/07]

u.

Housing trust fund. The Housing Trust Fund is comprised of the City's State Housing Initiatives Partnership (SHIP) allocation and is administered by the City of Delray Beach Community Improvement Department. All monetary contributions in lieu of workforce housing units shall be deposited into the trust for the purpose of supplementing annual SHIP allocations. The interest received on any such investment shall be credited to the fund. The City shall administer the fund exclusively for the purpose of implementing programs described in the City's Local Housing Assistance Plan. [Amd. Ord. 52-08 11/18/08]

v.

Silver Terrace Courtyards Overlay District. The area located on the west side of South Federal Highway, approximately 320 feet south of SE 10th Street and north of the Plaza at Delray, as shown in the map below. [Amd. Ord. 38-09 8/18/09]