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Market Rate Dwelling Unit. Any dwelling unit that does not meet the affordable housing requirements. Naturally Occurring Affordable Housing (NOAH). Existing owner -occupied or rental housing units that are affordable and are unsubsidized by any federal housing program. Substantial Reconstruction or Rehabilitation. When the cost of improvements of an affordable housing building exceeds 20 percent of the value of the property, excluding land, after improvements. Tenant Paid Rent. The monthly rent for an affordable dwelling unit shall include rent, utility costs and any other non -optional monthly occupancy charges. Section 205.080 Residential Districts Overview (A) Purpose. The residential districts are established to: (6) Provide residential development at the minimum standards of this ordinance but not to exceed the gross development densities designated in the Land Use Chapter of the Comprehensive Guide Plan unless approved by the City Council. (E) Development of Affordable Housing in R2 and R3 Zoning Districts. The following development types in the R2 and R3 zoning districts will be required to provide a certain number of affordable housing units as calculated in Section 20S.080 (E) (7). • New developments that create at least 20 multi -family dwelling units; or • Substantial reconstruction or rehabilitation of an existing building that contains at least 20 multi -family dwelling units; or • Any change in use of all or part of an existing building from a non- residential use to a residential use that includes at least 20 dwelling units. (7) Calculation of units and payment in lieu. The following outlines the calculations of affordable units or payment in lieu required for all developments that meet the standards in Section 20S.083 (D). (a) To calculate the number of affordable dwelling units required in a development the total number of approved dwelling units shall be multiplied by five percent (S%), seven and a half 2