(A) General requirement. Except as otherwise provided in § 158.08, at least 15% of the total number of dwelling units within any covered development project shall be affordable housing units and shall be located on the site of the covered development project.
(B) Calculation.
(1) To calculate the number of affordable housing units required in a covered development project, the total number of proposed units shall be multiplied by 15%.
(2) For purposes of this calculation, if 15% of the number of proposed units results in a fraction, a fraction of 0.5 or more shall be rounded up, and a fraction of less than 0.5 shall be rounded down. For example, a proposed multiple-family development containing 15 units would be required to set aside two units as affordable housing units. A similar 20 unit development would be required to set aside three of the units as affordable housing units.
(3) Except, that in no case, shall the required number of units be less than one unit.
(Ord. 2005-45, passed 12-5-2005; Ord. 2011-24, passed 10-17-2011)