(A) In addition to the density bonus options described in § 23.20.060(A)(3), the city shall grant a density bonus, the amount specified in division (B) of this section, when an applicant for a housing development seeks and agrees to construct a housing development, excluding any units permitted by the density bonus awarded pursuant to this section, that will meet the following criteria:
(1) One hundred percent (100%) of the total units, including density bonus units, but exclusive of a manager's unit or units, are for lower income households as defined in Cal. Health & Safety Code § 50079.5, except that up to 20% of the total units in the development, including total units and density bonus units, may be for moderate-income households as defined in Cal. Health & Safety Code § 50053, are then entitled to the standards outlined in this chapter.
(B) The amount of density bonus shall be calculated as specified in § 23.23.060(E). For housing developments meeting the criteria of § 23.27.022 (A)(1) above, there shall not be a maximum cap on density.
(C) An applicant shall agree to, and the city shall ensure, the continued affordability of all designations of all low, very low, and lower income rental units that qualified the applicant for the award of the density bonus for the amount of time identified in § 23.20.060(A)(5)(a).
(Ord. 4799, passed 2-28-22)