9.47.050: CALCULATION OF DENSITY BONUS:

   A.   The applicant may elect to accept a lesser percentage of density bonus.

   B.   The amount of density bonus to which the applicant is entitled will vary according to the amount by which the percentage of affordable housing units exceeds the percentage established in subsection 9.47.020C of this chapter.

   C.   For housing developments meeting the criteria of subsection 9.47.020C1 of this chapter, the density bonus will be calculated as follows:

Percentage Low Income Units	Percentage Density Bonus
10	20
11	21.5
12	23
13	24.5
14	26
15	27.5
16	29
17	30.5
18	32
19	33.5
20	35

 

   D.   For housing developments meeting the criteria of subsection 9.47.020C2 of this chapter, the density bonus will be calculated as follows:

Percentage Very Low Income Units	Percentage Density Bonus
5	20
6	22.5
7	25
8	27.5
9	30
10	32.5
11	35

 

   E.   For housing developments meeting the criteria of subsection 9.47.020C4 of this chapter, as senior housing developments, the density bonus will be twenty percent (20%).

   F.   For housing developments meeting the criteria of subsection 9.47.020C3 of this chapter, the density bonus will be calculated as follows:

Percentage Moderate Income Units	Percentage Density Bonus
10	5
11	6
12	7
13	8
14	9
15	10
16	11
17	12
18	13
19	14
20	15
21	16
22	17
23	18
24	19
25	20
26	21
27	22
28	23
29	24
30	25
31	26
32	27
33	28
34	29
35	30
36	31
37	32
38	33
39	34
40	35

 

   G.   All density calculations resulting in fractional units will be rounded up to the next whole number. The granting of a density bonus will not be interpreted, in and of itself, to require a general plan amendment, zoning change or other discretionary approval. (Ord. 254, 12-16-2014)