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Page - 4 - <br /> <br /> <br />Figure 3: Building A Elevation <br /> <br /> <br />Affordable Housing Requirements <br />The proposed development includes more than 15 units, and as condominiums is considered a <br />multi-family development pursuant to the definitions included in the Inclusionary Zoning <br />Ordinance (IZO).2 Therefore, the proposed development is generally subject to a 15 percent <br />affordability requirement for very low and low- income households (i.e., should provide a minimum <br />of six (6) affordably priced units in the development). <br /> <br />However, the IZO also includes provisions for alternative compliance in Section 17.44.080, as <br />follows: “The primary emphasis of this inclusionary zoning ordinance is to achieve the inclusion <br />of affordable housing units to be constructed in conjunction with market rate units within the <br />same project in all new residential projects. However, the city acknowledges that it may not <br />always be practical to require that every project satisfy its affordable housing requirement <br />through the construction of affordable units within the project itself. Therefore, the requirements <br />of this chapter may be satisfied by various methods other than the construction of inclusionary <br />units on the project site. Some examples of alternate methods of compliance appear below. As <br />housing market conditions change, the city may need to allow alternatives to provide options to <br />applicants to further the intent of providing affordable housing with new development projects.: <br /> <br />On this basis, the IZO permits a developer to satisfy the inclusionary requirement through <br />alternative means. Alternatives described in the ordinance include options such as off-site <br />development, land dedication, and payment of the Affordable Housing Development Impact <br />Fees (Affordable Housing Fee, previously and sometimes currently referred to as the Lower <br />Income Housing Fee). Historically, the City has taken a flexible approach to negotiating how <br />some residential projects meet their affordable housing requirement; in some cases, most <br />frequently for lower-density single-family ownership projects, the City has allowed payment of <br /> <br />2 See Municipal Code §17.44.030.