ORD 1729 - Laserfiche WebLink

D. No reduction in future annual new residential unit limits shall affect any major project or affordable housing project which has received growth management approval granting future years' allocations so long as the conditions in effect at the time of the initial approval remain unchanged and the approved project continues to meet all project requirements. Nothing herein, however, limits the City's ability to impose a development moratorium under State law. 17.36.070 Apportionment of Yeafly Total New Residential Units to Categories of Projects All new residential units shall be classified in one of the following categories and shall be issued building permits in accordance with the regulations and limitations established for each category. A. Categories of Projects. There shall be three categories of projects as defined below. 1. Affordable Housing Project. A project which meets the minimum requirements as established from time to time by the City for providing housing to either: a. lower-income households; or b. moderate-income households. The requirements for qualifying as an affordable housing project shall be established by the City in implementing its affordable housing program. 2. Major Project. A project which meets any of the following criteria: a. has 100 or more units; b. has fewer than 100 units but whose developer wishes the certainty of a multi-year allocation of at least three years; c. has received an annual allocation pursuant to a growth management program at a time prior to the effective date of this Ordinance which grants growth management approval to units in calendar year 1998 or later years. 3. First-come, First-Served Project. All projects and/or single unit applications which are neither an affordable housing project nor a major project as defined above. 6