12.35.010 Definitions.
The following definitions apply in this chapter:
Affordable housing means housing with a sales price or rental amount as defined below.
1. In the case of dwelling units for sale, affordable means housing for households at or below 80 percent AMI for which the mortgage, amortized interest, taxes, insurance, and condominium or association fees, if any, constitute no more than 30 percent of gross annual household income.
2. In the case of dwelling units for rent, affordable means housing for households at or below 60 percent AMI for which the rent and utilities constitute no more than 30 percent of gross annual household income.
Applicant means the person seeking the property exemption provided by this chapter.
Area median income or AMI means the area median income as determined by the most recent United States Department of Housing and Urban Development for the Bend Metropolitan Statistical Area.
Childcare facilities means an Oregon State licensed childcare facility or provider.
Middle-income housing means housing for households at or below 120 percent AMI and, in the case of dwelling units for sale, in which the mortgage, amortized interest, taxes, insurance, and condominium or association fees, if any, or, in the case of dwelling units for rent, housing for which the rent and utilities constitute no more than 30 percent of gross annual household income. [Ord. NS-2447, 2022]