(A) For all covered development projects that are located in the B-2, B-3 or B-4 Zoning Districts, the maximum floor area ratio for the zoning district may be increased an additional 0.25 if the affordable housing units are constructed on the site of the covered development project.
(B) (1) For all covered development projects that are located in all other zoning districts, a density bonus shall be provided equal to one market rate unit for each affordable housing unit required under this code if the affordable housing units are constructed on the site of the covered development project; provided, however, that the maximum number of dwelling units in a covered development project shall not, pursuant to the provisions of this chapter, exceed 115% of the total number of dwelling units otherwise authorized under the applicable zoning district regulations under the Zoning Code.
(2) For example, a proposed multiple-family development containing 20 units would be required to provide three affordable housing units in the development and would be permitted to construct three additional market rate units; resulting in a total of 23 units in the development.
(Ord. 2005-45, passed 12-5-2005)