For purposes of this division, the following terms have the following meanings:
(a) “Affordable workforce housing” means housing with an affordable housing cost, as defined in Section 50052.5 of the Health and Safety Code, or affordable rent, as defined in Section 50053 of the Health and Safety Code, for households whose gross income does not exceed 120 percent of the area median income.
(b) “Authority” means an affordable housing authority created pursuant to this division.
(c) “Consenting local agency” means a local agency that has adopted a resolution of its governing body consenting to the affordable housing investment plan.
(d) “Plan” means an affordable housing investment plan adopted pursuant to Section 62252. The plan shall be deemed to be the plan described in Section 16 of Article XVI of the California Constitution.
(e) “Real property” means any of the following:
(1) Land, including land under water and waterfront property.
(2) Buildings, structures, fixtures, and improvements on the land.
(3) Any property appurtenant to or used in connection with the land.
(4) Every estate, interest, privilege, easement, franchise, and right in land, including rights-of-way, terms for years, and liens, charges, or encumbrances by way of judgment, mortgage, or otherwise and the indebtedness secured by those liens.
(Added by Stats. 2017, Ch. 764, Sec. 1. (AB 1598) Effective January 1, 2018.)
Last modified: October 25, 2018