The City shall provide a Density Bonus and an Additional Incentive(s), for qualified Housing Developments, upon the written request of a developer, unless the City makes a written finding that the Additional Incentive(s) is not necessary to make the Housing Development economically feasible and to accommodate a Density Bonus.
The development incentives granted shall contribute significantly to the economic feasibility of providing the Target Units. Applicants seeking a waiver or modification of development or zoning standards shall show that such waivers or modifications are necessary to make the Housing Development economically feasible in accordance with Government Code Section 65915(e). This requirement may be satisfied by reference to applicable sections of the City's general plan Housing Element.
The need for incentives will vary for different Housing Developments. Therefore, the allocation of Additional Incentives shall be determined on a case-by-case basis. The Additional Incentives may include, but are not limited to, any of the following:
(1) A reduction of site development standards or a modification of zoning code or architectural design requirements which exceed the minimum building standards provided in Part 2.5 (commencing with Section 18901) of Division 13 of the California Health and Safety Code. These may include, but are not limited to, one or more of the following:
(a) Reduced minimum lot sizes and/or dimensions.
(b) Reduced minimum lot setbacks.
(c) Reduced minimum outdoor and/or private outdoor living area.
(d) Increased maximum lot coverage.
(e) Increased maximum building height and/or stories.
(f) Reduced on site parking standards, including the number or size of spaces and garage requirements.
(g) Reduced minimum building separation requirements.
(h) Reduced street standards, e.g., reduced minimum street widths.
(2) Allow the Housing Development to include non-residential uses and/or allow the Housing Development within a non-residential zone.
(3) Other regulatory incentives or concessions proposed by the developer or the City/County which result in identifiable cost reductions or avoidance.
(4) A Density Bonus of more than 25 percent.
(5) Waived, reduced, or deferred planning, plan check, construction permit, and/or development impact fees (e.g., capital facilities, park, or traffic fees).
(6) Direct financial aid (e.g., redevelopment set-aside, Community Development Block Grant funding) in the form of a loan or a grant to subsidize or provide low interest financing for on or off site improvements, land or construction costs.
The City/County may offer an Equivalent Financial Incentive in lieu of granting a Density Bonus and an Additional Incentive(s). The value of the Equivalent Financial Incentive shall equal at least the land cost per dwelling unit savings that would result from a Density Bonus and must contribute significantly to the economic feasibility of providing the Target Units pursuant to this Chapter.