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Page - 6 - Housing Element and RHNA Compliance The City’s recently adopted Housing Element designated this site at an allowable density of between 15 and 25 units per acre. The allowable density range is below the 30 dwelling units/acre minimum that the State of California considers able to support lower-income housing, and so the site was not identified as one that would fulfill the City’s lower-income RHNA. The 42 units would be reported in upcoming Annual Planning Reports as satisfying a portion of the City’s 2,313 above-moderate income RHNA units in the 2023-2031 Housing Element Cycle. Staff Recommendation Staff is recommending the attached Affordable Housing Agreement that includes the following main provision: • The Developer will pay, at the time of the issuance of a building permit for the 42 residential units in the Project, the applicable Affordable Housing Fee. The Affordable Housing Agreement illustrates a sample payment of $51,077 per unit, totaling $2,145,234 for the Affordable Housing Fees for the entire project in effect in 2024. Staff recommends that the Housing Commission review and recommend the Harmony Condominium Project Affordable Housing Agreement to City Council for review and approval. In accordance with the IZO, the Commission may accept, reject or modify the recommended agreement. Following the Commission’s action, staff will forward its recommendation to the City Council.