ORD 2287 - Laserfiche WebLink

Ordinance No. 2287 Page 13 of 21 I. 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: HUD Income Category by Unit Size 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 J. 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, eligibility requirements, city incentives including second mortgages, recapture mechanisms, the administrative process for monitoring unit management to assure ongoing affordability and other matters related to the development and retention of the inclusionary units. In addition to the above, the affordable housing agreement shall set forth any waiver of the affordable housing fee. For projects which meet the affordability threshold with very low and/or low-income units, all units in the project shall be eligible for a waiver of the affordable housing fee. For ownership residential projects which meet the affordability threshold with moderate income units, only the inclusionary units shall be eligible for a waiver of the affordable housing fee except as otherwise approved by the city council. To assure affordability in accordance with the terms of this chapter and over the life of the unit (i.e. in perpetuity) the affordable housing agreement shall be recorded with the property deed or other method approved by the city attorney. The community development director may waive the requirement for an affordable housing agreement for projects that have their affordable housing requirements included in a development agreement or other city document.