§ 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 50% of AMI qualifies for car parking reductions provided that the affordable housing agreement required pursuant to § 9.32 affirms that the owner will not charge the opportunity housing units for access to parking. Potential parking reduction incentives are based upon the level of affordability as follows:
 
Affordability provided:
Projects located in the Designated Transit Area, Tier I:
Projects located in the Designated Transit Area, Tier II:
Projects located outside a Designated Transit Area:
9% of units qualifying as very low or extremely low income
15%
10%
5%
20% of units qualifying as very low income
25%
20%
10%
50% of units qualifying as very low income
or
20% of units qualifying as extremely low income
35%
30%
15%
100% of units qualifying as very low income
or
50% of units qualifying as extremely low income
45%
40%
20%
 
   (b)   The car parking reductions provided in this section are not cumulative. Each qualifying development is eligible for only one parking reduction of 5% to 45% depending upon the level of affordability provided.
(Ord. 2019-16, passed 2-25-2019; Ord. 2021-1, passed 3-8-2021; Ord. 2022-30, passed 6-6-2022)