PC 2006-56 - Laserfiche WebLink

Any incentives provided by the City shall be set out in the Affordable Housing Agreement pursuant to Section 17.44.060 of this Chapter. The granting of the additional incentives shall require demonstration of exceptional circumstances that necessitate assistance from the City, as well as documentation of how such incentives increase the feasibility of providing affordable housing. The following incentives may be approved for Applicants who construct Inclusionary Units si A. Fee Waiver or Deferral The City Council, by Resolution, may waive or defer payment of CIty development impact fees and/or building permit fees applicable to the Inclusionary Units or the project of which they are a part. Fee waivers shall meet the criteria included in the City's adopted policy for evaluating waivers of City fees for affordable housing projects. The Affordable Housing Agreement shall include the terms of the fee waiver. B. Design Modifications The granting of design modifications relative to the inclusionary requirement shall require the approval of the City Council and shall meet all applicable zoning requirements of the City of Pleasanton. Modifications to typical design standards may include the following: Reduced setbacks Reduction in infrastructure requirements Reduced open space requirements Reduced landscaping requirements Reduced interior or exterior amenities Reduction in parking requirements HeiglLrestrict nn waivers C. Second Mortgages The City may utilize available Lower Income Housing Funds for the purpose of providing second mortgages to prospective unit ownets or to subsidize the cost of a unit to establish an Affordable Rent or an Affordable Sales Price. Terms of the second mortgage or subsidy shall be stated in the Affordable Housing Agreement. The utilization of these incentives shall not be the sole source of providing the Inclusionary Units and the are intended to augment the developer's proposal. D. Priority Processing After receiving its discretionary approvals, a Project that provides Inclusionary Units may be entitled to priority processing of building and engineering approvals subject to the approval of the CittyManager. A Project eligible for priority processing shall be assigned to City engineering and/or building staff and processed in advance of all non priority items.