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DRAFT Redlines <br /> Housing Element Section 4B <br /> Zoning Ordinance requirements be met by building housing affordable to lower- and moderate- <br /> income households. The City will continue to offer incentives to encourage and facilitate the <br /> production of affordable inclusionary units, as a component of the Ordinance. <br /> Policy 2.4 <br /> Advocate for changes in Federal and State legislation that provides incentives for the <br /> development of housing for special needs and housing affordable to extremely low-, very low-, <br /> and low-income households, and that increases State and Federal funding to support the <br /> production of below-market-rate housing and overcome barriers to housing affordable to very low- <br /> and low-income households. <br /> Policy 2.5 <br /> Seek opportunities and apply when eligible, for Federal, State and regional grants offered for <br /> mixed-use development near transit centers, including grant funding to upgrade infrastructure and <br /> transportation needed to support new high-density and transit-oriented development, as well as <br /> for the construction of affordable housing projects. <br /> Policy 2.6 <br /> When allocating City funding or resources, or granting incentives and regulatory relief as available <br /> to the City, the City will make such decisions with Priority 1 projects deemed to be those for which <br /> the greatest consideration should be given for such measures to be applied: <br /> Priority 1. Housing developments providing units affordable to extremely low-, very low-, <br /> and/or low-income households in perpetuity, at a proportion that is at least 10 percentage <br /> points higher than the applicable Inclusionary Zoning Ordinance (IZO) rate(e.g., if the IZO <br /> rate is 20 percent, the project provides at least 30 percent inclusionary). Such projects will <br /> be eligible for the following incentives to encourage this increased level of affordable <br /> housing: <br /> o Priority for the Growth Management affordable-housing sub allocation, if <br /> applicable <br /> o Expedited permit processing <br /> o Fee waivers <br /> o Contributions from the Lower Income Housing Fund <br /> o Use of available City-owned land <br /> o Density bonuses <br /> o City assistance in obtaining financing or funding <br />