ORD 1023 - Laserfiche WebLink

(1) Establishment of Yearly Housing Construction Goals. The City Council, following a public hearing, s't'FfY establish annually the number of residential units desired to be constructed for the next year and, if it so chooses, the number of units within certain categories (eg. single-family or multiple units) in order to meet the General Plan goals and policies. The total number of units desired to be constructed shall be the annual housing target. In making this determination the City Council shall consider the following: (i) The General Plan growth rate; (ii) Number of residential units authorized by long-term agreements; (iii)The number of residential units previously authorized but not developed, including exempt units; (iv) The number of residential units authorized in previous years; and (v) Comments received at the public hearing held in conjunction with the allocation. (2) Lower-Income ttousing Set-Aside. The City Council may set aside at least ten percent (10%) of the annual housing target for lower-income housing (3) Yearly Allocation for Smaller Projects. After establishing the annual housing target, the City Council shall establish the yearly allocation for smaller projects. This allocation shall be the number of units remaining to be constructed after units allowed to be built for that year in long-term agreements and the lower-income set-aside have been deducted from the annual housing target. (4) Application Procedures. At the meeting at which the City Council establishes the yearly allocation for smaller projects, it shall establish the date for commencement of receipt of applications for development approval of smaller projects. A developer may apply for approval at any time on or following the date set for receipt of such applications for that annual period in accordance with the guidelines established pursuant to Section 2-20.08. (5) Projects Eligible to Apply. In order to be considered for development approval, a project must