PC-2024-15 - Laserfiche WebLink

P24-0505, Amendments to Pleasanton Municipal Code and ODS Planning Commission, September 11, 2024 Exhibit A, PMC Amendments, Page 13 at least two bedrooms if the market rate project also provides units of that size. I. Inclusionary units shall remain affordable in perpetuity from the date of occupancy, which shall be the date the city of Pleasanton performs final inspection for the building permit, through recordation of an affordable housing agreement as described in Section 17.44.060 of this chapter. J. All inclusionary units in a project shall be constructed concurrently withwithin or prior to the construction of the project's market rate units, unless an alternative schedule for construction is approved by the city council. “Concurrently” means that all inclusionary units shall be built prior to the full build-out of market rate units in the same residential development project. In phased developments, inclusionary units shall be constructed and occupied in proportion to the number of market rate units constructed and occupied in each phase. . 1. A building permit may not be issued for any market rate unit unless a proportional number of building permits has been issued for inclusionary units; and 2. A certificate of occupancy or final inspection may not be issued for market rate units unless a proportional number of certificates of occupancy or final inspections have been issued for inclusionary units. K. For purposes of calculating the affordable rent or affordable sales price of an inclusionary unit, the following household size assumptions shall be used for each applicable dwelling unit type: Unit Size HUD Income Category by Household Size Studio unit 1 person 1 bedroom unit 2 persons 2 bedroom unit 3 persons 3 bedroom unit 4 persons 4 or more bedroom unit 5 or more persons L. The city's adopted preference and priority system shall be used for determining eligibility among prospective beneficiaries for affordable housing units created through this inclusionary zoning ordinance. (Ord. 1818 § 1, 2000) § 17.44.060. Affordable housing agreement. An affordable housing agreement shall be entered into by the city and the project owner. The agreement shall record the method and terms by which a project owner shall comply with the requirements of this chapter. The approval and/or recordation of this agreement shall take place prior to final map approval or, where a map is not being processed, prior to the issuance of building permits for such lots or units. The affordable housing agreement shall state the methodology for determining a unit's initial and ongoing rent or sales and resale price(s), any resale restrictions, occupancy requirements, Docusign Envelope ID: 08C02E88-17AB-4968-82AD-8CC9C436D349