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<br /> <br /> <br /> <br />P24-0334, Pleasanton Municipal Code Amendments Planning Commission, September 11, 2024 <br />Exhibit A, PMC Amendments, Page 11 <br /> <br /> <br /> <br />CHAPTER 17.38 <br />DENSITY BONUS <br />§ 17.38.010. Purpose and intent. <br />The purpose of this chapter is to comply with California Government Code Sections 65915 et seq. (State <br />Density Bonus Law), as amended, as well as implement program 9.6 of the housing element (2012) of the <br />city's general plan (2005-2025). <br />(Ord. 2082 § 2, 2013) <br /> <br />§ 17.38.020. Definitions. <br />For the purposes of this chapter, certain words and phrases shall be interpreted as set forth in this section. <br />"Affordable ownership cost" means monthly housing payments during the first calendar year of <br />household's occupancy, including interest, principal, mortgage insurance, property taxes, homeowners' <br />insurance, property maintenance and repairs, a reasonable allowance for utilities and homeowners' <br />association dues, if any, not exceeding the following: <br /> 1. Very low income units: 50 percent of the area median income, adjusted for assumed <br />household size based on unit size, multiplied by 30 percent and divided by 12. <br /> 2. Low income units: 70 percent of the area median income, adjusted for assumed household <br />size based on unit size, multiplied by 30 percent and divided by 12. <br /> 3. Moderate income units: 110 percent of the area median income, adjusted for assumed <br />household size based on unit size, multiplied by 35 percent and divided by 12. <br />The assumed household size shall be one person in a studio unit, two persons in a one-bedroom unit, three <br />persons in a two-bedroom unit, and one additional person for each additional bedroom. <br />"Affordable rent" means monthly housing expenses, including all fees for housing services and a <br />reasonable allowance for utilities, not exceeding the following: <br /> 1. Very low income units: 50 percent of the area median income, adjusted for assumed <br />household size based on unit size, multiplied by 30 percent and divided by 12. <br /> 2. Low income units: 60 percent of the area median income, adjusted for assumed household <br />size based on unit size, multiplied by 30 percent and divided by 12. <br />The assumed household size shall be one person in a studio unit, two persons in a one-bedroom unit, three <br />persons in a two-bedroom unit, and one additional person for each additional bedroom. <br />"Area medium income" means area median income for Alameda County as published and periodically <br />updated by the State Department of Housing and Community Development. <br />Docusign Envelope ID: 88F9D41F-89FB-4400-B0AF-42A9BB94F8D7