A. Available incentives. A housing development qualifying for a density bonus may be entitled to at least one incentive. Incentives may include, but are not limited to:
1. A reduction in site development standards such as:
a. Reduced minimum lot sizes and/or dimensions.
b. Reduced minimum lot setbacks.
c. Reduced minimum outdoor and/or private outdoor living area.
d. Increased maximum lot coverage.
e. Increased maximum building height and/or stories.
f. Reduced on-site parking requirements.
g. Reduced street standards.
2. A reduction in architectural design requirements.
3. A density bonus greater than the amount required by this Chapter.
4. Other regulatory incentives proposed by the developer or the City, which result in identifiable, financially sufficient, and actual cost reductions.
5. If an applicant qualifies for a density bonus pursuant to this Chapter, the applicant may request, in addition to any requested incentive(s), that the following parking requirement be applied to the project in place of the City's current parking requirements. The parking requirement is inclusive of handicapped and guest parking for the entire housing development, but shall not include on-street parking spaces in the count towards the parking requirement:
a. Zero to one (0-1) bedroom: 1 on-site parking space.
b. Two to three (2-3) bedrooms: 2 on-site parking spaces.
c. Four or more (4+) bedrooms: 2.5 on-site parking spaces.
B. Eligibility for incentives. Incentives are available to a housing developer as follows:
1. One incentive for housing developments that (a) restrict at least 10% of the total units to lower income households, at least 5% for very low income households, or at least 10% for persons and families of moderate income in a common interest development, or (b) are for senior housing.
2. Two incentives for housing developments that restrict at least 20% of the total units to lower income households, at least 10% for very low income households, or at least 20% for persons and families of moderate income in a common interest development.
3. Three incentives for housing developments that restrict at least 30% of the total units for lower income households, at least 15% for very low income households, or at least 30% for persons and families of moderate income in a common interest development.
(Ord. 823-2016 § 11 (part), 2016)