9.28.120 Relation to units required by rent control board.

Low-income and moderate-income dwelling units developed as part of a market rate project, pursuant to replacement requirements of the Santa Monica Rent Control Board, shall count towards the satisfaction of this Chapter if they otherwise meet applicable requirements for this Chapter including, but not limited to, the income eligibility requirements of the Chapter, deed restriction requirements, and pricing requirements. New inclusionary units required by the Rent Control Board which meet the standards of this Chapter shall count towards the satisfaction of this Chapter. (Prior code § 9431; added by Ord. No. 1448CCS, adopted 6/28/88; amended by Ord. No. 1615CCS § 1, adopted 3/3/92)