§ 9.19  PARKING REDUCTION.
   (a)   To incentivize the creation of opportunity housing units, a residential development with at least 9% of its total dwelling units affordable to households at or below 60% of AMI qualifies for car parking reductions based upon the level of affordability provided as follows:
      (1)   A development with 9% of its units qualifying as extremely low income affordable housing qualifies for a 20% parking reduction when outside a designated transit area and a 40% parking reduction when within a designated transit area provided that the affordable housing agreement required pursuant to § 9.32 provides that the owner will not charge the opportunity housing units for access to parking;
      (2)   A development with 20% of its units qualifying as extremely low income affordable housing qualifies for a 25% parking reduction when outside a designated transit area and a 50% parking reduction when within a designated transit area provided that the affordable housing agreement required pursuant to § 9.32 provides that the owner will not charge the opportunity housing units for access to parking;
      (3)   A development with 9% of its units qualifying as very low income affordable housing qualifies for a 15% parking reduction when outside a designated transit area and a 30% parking reduction when within a designated transit area provided that the affordable housing agreement required pursuant to § 9.32 provides that the owner will not charge the opportunity housing units for access to parking; or
      (4)   A development with 9% of its units qualifying as low income affordable housing qualifies for a 10% parking reduction when outside a designated transit area and a 20% parking reduction when within a designated transit area provided that the affordable housing agreement required pursuant to § 9.32 provides that the owner will not charge the opportunity housing units for access to parking.
   (b)   The car parking reductions provided in this section are not cumulative. Each qualifying development is eligible for only one parking reduction of 10% to 50% depending upon the level of affordability provided.
(Ord. 2019-16, passed 2-25-2019; Ord. 2021-1, passed 3-8-2021)