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<br />Ordinance No. NS-XXX <br />Page 13 of 16 <br /> <br /> <br /> <br /> (1) The owner or lessee of an inclusionary unit shall reside in the unit for <br />not less than ten (10) out of every twelve (12) months. <br /> <br /> (2) No owner or lessee of an inclusionary unit shall lease or sublease, <br />as applicable, an inclusionary unit without the prior permission of the executive director. <br /> <br />Section 10. Section 41-1909 of Chapter 41 of the Santa Ana Municipal Code is <br />hereby amended to read in its entirety as follows: <br /> <br /> Sec. 41-1909. - Inclusionary housing fund. <br /> <br /> (a) Inclusionary housing fund. There is hereby established a separate fund of <br />the city, to be known as the inclusionary housing fund. All monies collected pursuant to <br />this article shall be deposited in the inclusionary housing fund. Additional monies from <br />other sources may be deposited in the inclusionary housing fund. The monies deposited <br />in the inclusionary housing fund shall be subject to the following conditions: <br /> <br /> (1) Monies deposited into the inclusionary housing fund must be used to <br />increase and improve the supply of housing affordable to moderate, low, very low, and <br />extremely low income households in the city as specified in the city's affordable housing <br />funds policies and procedures. A priority will be on the creation of new affordable <br />housing opportunities or units fromfor large families currently living in the existing <br />market rateCity. Other eligible uses of the inclusionary housing stock rather than <br />construction of new affordable housing units. This includes,fund include but isare not <br />limited to, the purchase and rehabilitation of units for sale. Monies may also be used to <br />pay for one-time programs for code enforcement, quality of life and general health and <br />safety activities. Monies may also be used to cover reasonable administrative or related <br />expenses associated with the administration of this article. : <br /> <br /> (i) Creating affordable units from the existing market rate <br />housing stock including but not limited to, the purchase and rehabilitation of units. <br /> <br /> (ii) Funding one-time programs for code enforcement, quality of <br />life, and general health and safety activities. <br /> <br /> (iii) Implementing and promoting programs addressing housing <br />security, eviction prevention, and housing legal assistance for city residents. <br /> <br /> (iv) Funding reasonable administrative or related expenses <br />associated with the administration of this article. <br /> <br /> (2) The fund shall be administered by the executive director, or his or <br />her designee, who may develop procedures in the city's affordable housing funds <br />policies and procedures to implement the purposes of the inclusionary housing fund <br />consistent with the requirements of this article and any adopted budget of the city.