§ 9.17  FLOOR AREA RATIO BONUS.
   (a)   To incentivize the creation of opportunity housing units, a residential development within a designated transit area and within zoning districts regulating development intensity through floor area ratio maximums qualify for the following floor area ratio bonuses for each affordable unit provided at varying household income levels as follows:
      (1)   Each extremely low and very low income household unit qualifies the overall development for 2,000 square feet of bonus floor area ratio up to a maximum of a 50% increase over current zoning. 
      (2)   Each low income household unit affordable to households at or below 60% of AMI qualifies the overall development for 1,000 square feet of bonus floor area ratio up to a maximum of a 50% increase over current zoning.
   (b)   In no instance may floor area ratio bonuses be allocated to parcels designated by the comprehensive plan for residential densities of less than five dwelling units per gross acre.
(Ord. 2019-16, passed 2-25-2019)