(

a) A public agency that is the lead agency for a development project shall approve or disapprove the project within whichever of the following periods is applicable:

(1) One hundred eighty days from the date of certification by the lead agency of the environmental impact report, if an environmental impact report is prepared pursuant to

Section or of the Public Resources Code for the development project.

(2) Ninety days from the date of certification by the lead agency of the environmental impact report, if an environmental impact report is prepared pursuant to

Section or of the Public Resources Code for a development project defined in subdivision (c).

(3) Sixty days from the date of certification by the lead agency of the environmental impact report, if an environmental impact report is prepared pursuant to

Section or of the Public Resources Code for a development project defined in subdivision (

c) and all of the following conditions are met: (

A) At least percent of the units in the development project are affordable to very low or low-income households, as defined by Sections and 50079.5 of the Health and Safety Code, respectively. Rents for the lower income units shall be set at an affordable rent, as that term is defined in

Section of the Health and Safety Code, for at least years. Owner-occupied units shall be available at an affordable housing cost, as that term is defined in

Section 50052.5 of the Health and Safety Code. (

B) Prior to the application being deemed complete for the development project pursuant to

Article 3 (commencing with

Section 65940), the lead agency received written notice from the project applicant that an application has been made or will be made for an allocation or commitment of financing, tax credits, bond authority, or other financial assistance from a public agency or federal agency, and the notice specifies the financial assistance that has been applied for or will be applied for and the deadline for application for that assistance, the requirement that one of the approvals of the development project by the lead agency is a prerequisite to the application for or approval of the application for financial assistance, and that the financial assistance is necessary for the project to be affordable as required pursuant to subparagraph (A). (

C) There is confirmation that the application has been made to the public agency or federal agency prior to certification of the environmental impact report.

(4) Sixty days from the date of adoption by the lead agency of the negative declaration, if a negative declaration is completed and adopted for the development project.

(5) Sixty days from the determination by the lead agency that the project is exempt from the California Environmental Quality Act (Division 13 (commencing with

Section 21000) of the Public Resources Code), if the project is exempt from that act.

(6) Except as provided in subdivision (

a) of

Section 65912.114 and subdivision (

a) of

Section 65912.124, sixty days from the date of receipt of a complete application if the project is subject to ministerial review by the public agency.

(7) If a development project is exempt from the California Environmental Quality Act (Division 13 (commencing with

Section 21000) of the Public Resources Code) pursuant to

Section 21080.66 of the Public Resources Code, 30 days from the later of the following dates: (

A) The conclusion of the process outlined in subdivision (

b) of

Section 21080.66 of the Public Resources Code. (

B) The expiration of the applicable time limit in paragraph (2) of subdivision (

j) of

Section 65589.5. (

b) This

section does not preclude a project applicant and a public agency from mutually agreeing in writing to an extension of any time limit provided by this

section pursuant to

Section 65957. (

c) For purposes of paragraphs (2) and (3) of subdivision (

a) and

Section 65952, “development project” means a housing development project, as defined in paragraph (3) of subdivision (

b) of

Section 65905.5. (

d) For purposes of this section, “lead agency” and “negative declaration” have the same meaning as defined in Sections and of the Public Resources Code, respectively.