A. The city shall grant to an applicant or developer of a qualifying housing development either: (1) a density bonus; (2) a density bonus with an additional incentive; or (3) an equivalent financial incentive, as set forth in section 17.704.050.
B. In determining the number of target units to be provided pursuant to this section, the maximum residential density is determined as set forth in Table 17.704.030A.
Income Level | Minimum Percentage of Target Units | Minimum Density Bonus | Density Bonus Increase for Each Additional 1% |
(Total Maximum Bonus for Affordable Units is 35%) | |||
Lower | 10% | 20% | 1.5% |
Very Low | 5% | 20% | 2.5% |
Seniors | All | 20% | N/A |
Moderate-Common Interest Developments | 10% | 5% | 1% |
C. The density bonus units are not included when determining the total number of target units in the housing development. When calculating the required number of target units, any resulting decimal fraction is rounded to the next larger integer.
D. If a density increase of less than the minimum density bonus is requested, no reduction is allowed in the number of target units required. If a density increase of more than 35% is requested, the requested density increase, if granted, is considered an additional incentive.
E. The amount of additional incentives, defined in section 17.704.020, is determined as set forth in Table 17.704.030B.
Income Level | % Total Housing Units | Number of Incentive(s) |
Income Level | % Total Housing Units | Number of Incentive(s) |
Lower | 10% | 1 |
Very Low | 5% | 1 |
Moderate-Common Interest Developments | 10% | 1 |
Lower | 20% | 2 |
Very Low | 10% | 2 |
Moderate-Common Interest Developments | 10% | 2 |
Lower | 30% | 3 |
Very Low | 15% | 3 |
Moderate-Common Interest Developments | 30% | 3 |
(Ord. 2013-0020 § 1; Ord. 2013-0007 § 1)