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Figure 7, Office Parking Structure Perspective from Northeast 1 � f i j,��r` V i �� Ii i . �- .'�s� ' r !mss - 1 ! I . Nlq 1 "-'J II I ! ' I ! . ,;�iL ,1 p Pr,. I � ; r d Affordable Housing Agreement The Housing Site Development Standards and Design Guidelines set forth that all development shall comply with the City's Inclusionary Zoning Ordinance (IZO). In accordance with the IZO, each developer of a multi-family development with more than 15 units is required to submit an affordable housing proposal which sets forth the approach for meeting the terms of the IZO. The affordable housing proposal is then reviewed by the Housing Commission which shall recommend that the City Council either accept, reject, or modify the proposal. After conducting two public meetings (February 21 and March 21) to review two specific affordable housing options, the Housing Commission rejected two staff and developer options based on concern that both failed to meet the terms of the IZO. The two affordability options are shown in the table below: SUMMARY OF CALIFORNIA CENTER AFFORDABILITY OPTIONS OPTION 1 OPTION 2 (12% Affordability) (15% Affordability) 50% 80% 100% 50% 80% 100% Unit Type AMI' AMI AMI Total AMI AMI AMI Total Studio 5 0 0 5 5 3 8 16 1-Bedroom 5 5 5 15 3 4 5 12 2-Bedroom 0 6 0 6 0 4 6 10 3-Bedroom 0 10 0 10 0 4 4 8 Total 10 21 5 36 8 15 23 46 Annual Median Income for Alameda County (50% = very low income; 80% = low income; 100% = moderate income) Regarding Option 1, the Housing Commission appreciated the deeper level of affordability and the larger number of two- and three-bedroom units consistent with the City's Resolution 10-390 which expresses the City's intent to strive to obtain two- bedroom and three-bedroom units for lower income households, but could not Page 7 of 12