Section 38D: Regional public housing innovation program; goals; application for participation in program; funds; powers and projects
Section 38D. (a)(1) As used in this section, the following words shall have the following meanings, unless the context clearly requires otherwise:
''Affordable housing'', homeownership or rental housing which is restricted to occupancy by low or moderate income households of 1 or more persons and for which the sale price or rent is affordable as defined by the criteria for inclusion in the department's subsidized housing inventory or consistent with funding sources.
''Affordable housing development'', a development of new or rehabilitated affordable housing which may include market-rate housing if such market-rate housing is reasonably necessary for the financial feasibility of construction or operation of the affordable housing.
''Extremely low income household'', a household with a gross income at or less than 30 per cent of area median household income as most recently determined by the United States Department of Housing and Urban Development, adjusted for household size.
''Housing authority'', a housing authority established pursuant to section 3.
''Low or moderate income household'', a household with gross income at or less than 80 per cent of area median household income as most recently determined by the United States Department of Housing and Urban Development, adjusted for household size; provided, however, that in Nantucket or Dukes county ''low or moderate income household'' shall mean persons and households earning less than 150 per cent of Nantucket county or the county of Dukes County median household income as reported from time to time by the United States Department of Housing and Urban Development.