If the requirements of section 16-410C are met, then the affordable housing developer is entitled to a density bonus pursuant to Cal. Gov’t Code, Section 65915(f). The amount of density bonus to which the applicant is entitled shall vary according to the amount by which the percentage of affordable units offered by the applicant exceeds the percentage of the minimum affordable housing component; the applicant may also elect to accept a lesser percentage of density bonus or no increase in density. (Cal. Gov’t Code, Section 65915(f). All density calculations resulting in fractional units shall be rounded up to the next whole number. (Cal. Gov’t Code, Section 65915(f)(5))
(Ord. No. 2912)