The opportunity housing requirement in § 9.06 may also be satisfied through partnership with an , wherein the developer or a related interested party negotiates a financial contribution to an that is equal to or no less than the equivalent in lieu of payment set forth in § 9.09 in exchange for construction and deed restriction of the required opportunity housing units within the city. This option may only be used when the city is not providing any other additional funds to the same for the same development. In cases where opportunity housing units are constructed off site, the tools and incentives described in Article III apply only to the site hosting the opportunity housing units.
(Ord. 2019-16, passed 2-25-2019; Ord. 2019-30, passed 8-5-2019)