Affordability Covenant.
Long Beach Municipal Code § 21.66.050
in effect21.66.050 - Affordability Covenant.
A. Applicants shall be required to record a covenant on the property that requires the unit to be retained as an income-restricted unit for a period of 10 years at an income level that is the lower of: 1) the existing tenant's income level; or 2) a moderate-income household, as determined by Area Median Income (AMI) limits established by the Department of Housing and Urban Development (HUD).
B. The affordability period shall be deferred if the unit is occupied by a tenant with an existing lease who does not meet the subject income restriction. The affordability period shall begin when a tenant meeting the above income restriction occupies the unit.
C. The units shall be subject to the annual covenant monitoring fee.
(ORD-21-0002 § 1, 2021)
Source: City of Long Beach, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ca/long_beach/codes/municipal_code?nodeId=TIT21ZO_CH21.66UNDWUNAMPR_21.66.050AFCOFetched: 10/28/2026