(a) To incentivize the construction of opportunity housing units affordable to households at or below 60% of AMI, a residential development that includes at least 9% opportunity housing units affordable to households at or below 60% of AMI, may reduce minimum unit size by the following amounts:
(1) Each extremely low income opportunity housing unit qualifies for a 30% unit size reduction;
(2) Each very low income opportunity housing unit qualifies for a 20% unit size reduction; or
(3) Each low income opportunity housing unit that is affordable to a household at or below 60% of AMI qualifies for a 10% unit size reduction.
(b) The minimum unit size reductions provided in this section are not cumulative. Each qualifying development is eligible for only one minimum unit size reduction of 10%, 20%, or 30% for the opportunity housing units depending on the level of affordability provided.
(Ord. 2019-16, passed 2-25-2019)