§ 17-140. Definitions.

The definitions contained in Chapter 33, Article XIIA of the Code of Miami-Dade County, shall apply to this chapter in addition to the following:

(1)

Area median income means the median income level for the Miami-Dade County Metropolitan Statistical Area, as established and defined in the annual schedule published by the Secretary of the U.S. Department of Housing and Urban Development, and adjusted for household size.

(2)

Certificate of qualification means a certificate issued by the Department establishing a qualified household's eligibility to purchase or rent a workforce housing unit ("WHU"). Certificates of qualification shall be valid for 12 months. The certification criteria are set by implementing order. The Department may authorize a property owner or developer to issue certificates of qualification, subject to verification by the Department.

(3)

Condominium means that form of ownership of real property created pursuant to Chapter 718 of the Florida Statutes, which is comprised entirely of units that are owned by one or more persons, and which there is, appurtenant to each unit, an undivided share in common elements.

(4)

Condominium conversion has the meaning established by Sections 718.604—718.622 of the Florida Statutes.

(5)

Control period means each 20-year period during which the affordability restrictions imposed by this article shall apply. The control period begins at the time of any sale or resale of the affected unit by every new WHU owner.

(6)

Covered development means all developments providing WHUs or monetary contributions in lieu thereof pursuant to Chapter 33, Article XIIA of the Code of Miami-Dade County.

(7)

Department means, unless otherwise indicated, the Miami-Dade Public Housing and Community Development Department or any successor agency.

(8)

Developer means any person, firm, corporation, partnership, limited liability company, association, joint venture, or any entity or combination of entities that apply for development orders or permits for residential dwelling units seeking to utilize the density or intensity bonus available pursuant to Chapter 33, Article XIIA of the Code of Miami-Dade County Florida, but does not include the state or any county, municipality, or any governmental entity.

(9)

Housing Director means, unless otherwise indicated, the Director of the Miami-Dade Public Housing and Community Development Department, or designee.

(10)

Eligible household means, subject to the provisions of Section 17-134 hereof, a household whose total income is between 60 percent up to 140 percent of Area Median Income.

(11)

Eligible household income means any income derived from any proposed occupants of a WHU who are 18 years of age or older and who will use the WHU as their primary residence.

(12)

Household means any natural person who occupies a WHU as their primary residence.

(13)

Market rate dwelling units means all dwelling units in a covered development that are not WHUs as defined herein.

(14)

Qualified household means an eligible household that has received a certificate of qualification from the Department.

(15)

Qualified Improvement means any addition or replacement to the WHU that adds materially to the value of the WHU, prolongs the WHU's useful life, or adapts the WHU to new uses and the replacement of any existing amenities.

(16)

Workforce housing unit rent or WHU rent means rents that do not exceed the maximum monthly Rent Limits as determined for Miami-Dade County by the U.S. Department of Housing and Urban Development in its annual Income Limits and Rent Limits and as used by Florida Housing Finance Corporation for its multifamily rental programs (published annually at http://www.floridahousing.org).

(17)

Workforce housing unit sales price or WHU sales price shall mean the sales price set by the Board pursuant to an implementing order, not to exceed an amount affordable at the maximum workforce housing target income range, as defined in Chapter 33, Article XIIA of the Code of Miami-Dade County, taking into account (a) family size: (b) an annual fixed interest rate; (c) payment of up to five percent down payment by a qualified household; and (d) an estimation of annual property taxes, assessments, loan insurance and financing fees, allowances for property maintenance and repairs, homeowners insurances, homeowner association fees, if any, and allowances for utilities.

(Ord. No. 07-05, § 19, 1-25-07; Ord. No. 08-51, § 1(2), 5-6-08; Ord. No. 15-63, § 1, 7-14-15; Ord. No. 16-138, § 2, 12-20-16)