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• Complete a nexus study showing how the construction of market-rate housing <br /> contributes to the need for affordable housing. Generally such a study looks at the <br /> need created by different housing types (single-family homes, medium- and high- <br /> density multifamily, rentals v. ownership housing). <br /> • Impose a housing impact fee on new rentals (usually a dollar amount per sq. ft.). <br /> • Allow rental developments to provide on-site affordable housing only pursuant to <br /> a contract reciting financial or other incentives provided to the development. <br /> • Determine an inclusionary percentage for ownership housing based on the nexus <br /> study. If it is desired to have an impact fee as an alternative, a so determine the <br /> fee based on the nexus study. <br /> Such an ordinance would be very similar to existing inclusionary ordinances, except that <br /> only an impact fee would be required for new rental housing. <br /> C The Mixed Exactions/Land Use Approach <br /> Another approach uses the exactions approach for rentals and the land use control <br /> approach for ownership housing. Its treatment of rental housing is identical to that in the <br /> previous option. <br /> • Complete a nexus study for rental housing only. <br /> • Impose a housing impact fee on new rentals (usually a dollar amount per sq. ft.). <br /> 17 <br /> 090051 1'720172.3 <br /> n 2009 <br />