(1) The C.D.B.G. Program shall primarily benefit very low, low and moderate income persons residing in the City. The project or activities funded by the C.D.B.G. Program shall give priority to very low, and low income residents given the nature and relative severity of their needs. In designing projects and selecting areas in which to carry out activities funded by the C.D.B.G. Program, each project shall be consistent with the policies herein set forth and shall be suitable to meeting the respective needs of very low, low and moderate income residents.

(2) For the purposes of this Chapter:

(a) A very low income person or resident is a person residing in the City having an annual income of not more than twenty-five percent (25%) of the median income for the Standard Metropolitan Statistical Area of Philadelphia for a family of similar size, as determined under the Housing and Community Development Act of 1974, as amended;

(b) A low income person or resident is a person residing in the City having an annual income of not more than fifty percent (50%) of the median income for the Standard Metropolitan Statistical Area of Philadelphia for a family of similar size, as determined under the Housing and Community Development Act of 1974, as amended;

(c) A moderate income person or resident is a person residing in the City having an annual income of not more than eighty percent (80%) of the median income for the Standard Metropolitan Statistical Area of Philadelphia for a family of similar size, as determined under the Housing and Community Development Act of 1974, as amended;

(d) A direct beneficiary is the social or public service recipient, employee of newly created jobs, employee of the job retained through the use of C.D.B.G. funds, purchaser, recipient or owner occupant of real property, occupant of rental housing, or resident of the block that receives public improvements.

(3) To insure that funds used under the C.D.B.G. Program comply with the City policies and goals set forth in subsection (1):

(a) The C.D. Program year funds, exclusive of administration and program management costs, will not be considered to primarily benefit very low, low and moderate income persons or give maximum priority to very low, and low income persons unless:

(.1) Seventy-five percent (75%) of the C.D. Program year funds, exclusive of administration and program management costs, directly benefit very low, low and moderate income persons and,

(.2) Priority is given to developing and implementing projects and activities which directly benefit very low, and low income persons.

(4) No less than fifty percent (50%) of each year's program funds, exclusive of administration and program management costs, shall be allocated and spent directly on housing projects or activities which directly relate to providing or maintaining housing.