A. Residential developments of twenty (20) or more units shall provide ten percent (10%) of the total number of units for affordable housing provided the city determines the development of the affordable units does not place an economic burden on the developer or the future homeowners.
B. In order to determine the economic feasibility of the affordable units in the residential projects, the developer shall be required to submit an impact analysis in a format determined by the Development Services Director detailing the anticipated costs and revenues of the project. This impact analysis will be reviewed and approved by the city.
C. A residential developer may elect to follow the density bonus program pursuant to Cal. Gov't Code § 65915 et seq. in place of Brea's Affordable Housing Program.
(Ord. 934, passed 3-2-93)