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There are four categories defining the "target housing groups" that are eligible for a bonus, and a developer can choose only one per project, as follows: 1. At least ten percent of the total units of a housing development must be for low income households; or 2. At least five percent of the total units of a housing development must be for very low income households; or 3. The project is a senior citizen housing development; or 4. At least ten percent of the total dwelling units in a newly constructed common interest development must be for sale to moderate income households. The amount of density bonus is calculated according to the following summary table: Density Bonus Calculation For example, a developer proposing a 100 -unit housing project could seek a bonus of 20 additional units if five units are provided for Very Low Income households, or ten units for Low Income households. Incentives and concessions Under State law, developers of affordable housing may also request and be eligible for one or more incentives or concessions, depending upon how many affordable units are proposed and the level of affordability. Incentives and concessions means any reduction in site development standards, or any modification of zoning or design requirements, or other regulatory exceptions that will result in cost reductions to facilitate the development of housing. Page 3 of 5 Additional Bonus for Each 1% % Target Increase in Units Target Units Required for Minimum % Bonus Over the 5% Maximum Target Group Target Units Granted Minimum 35% Bonus Very Low Income 5% 20% 2.5% 11% Low Income 10% 20% 1.5% 20% Moderate Income (Common Interest 10% 5% 1% 40% Development, Condo or PUD only) Senior Citizen Housing Development 100% 20% — — For example, a developer proposing a 100 -unit housing project could seek a bonus of 20 additional units if five units are provided for Very Low Income households, or ten units for Low Income households. Incentives and concessions Under State law, developers of affordable housing may also request and be eligible for one or more incentives or concessions, depending upon how many affordable units are proposed and the level of affordability. Incentives and concessions means any reduction in site development standards, or any modification of zoning or design requirements, or other regulatory exceptions that will result in cost reductions to facilitate the development of housing. Page 3 of 5