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SB 435 -- 12-- <br /> <br /> 1 units affordable to very low income households in an amount not <br /> 2 less than 10 percent of the number of residential units of the <br /> 3 proposed development. <br />4 (C) The transferred land is at least one acre in size or of <br />5 sufficient size to permit development of at least 40 units, has the <br />6 appropriate general plan designation, is appropriately zoned for <br />7 development as affordable housing, and is or will be served by <br />8 adequate public facilities and infrastructure. The land shall have <br />9 appropriate zoning and development standards to make the <br />10 development of the affordable units feasible. No later than the <br />11 date of approval of the final subdivision map, parcel map, or of <br />12 the residential development, the transferred land shall have all of <br />13 the permits and approvals, other than building permits, necessary <br />14 for the development of the very low income housing units on the <br />15 transferred land, except that the local government may subject <br />16 the proposed development to subsequent design review to the <br />17 extent authorized by subdivision (i) of Section 65583.2 if the <br />18 design is not reviewed by the local government prior to the time <br />19 of transfer. <br />20 (D) The transferred land and the affordable units shall be <br />21 subject to a deed restriction ensuring continued affordability of <br />22 the units consistent with paragraphs (1) and (2) of subdivision <br />23 (c), which shall be recorded on the property at the time of <br />24 dedication. <br />25 (E) The land is transferred to the local agency or to a housing <br />26 developer approved by the local agency. The local agency may <br />27 require the applicant to identify and transfer the land to the <br />28 developer. <br />29 (F) The transferred land shall be within the boundary of the <br />30 proposed development or, if the local agency agrees, within <br />31 one-quarter mile of the boundary of the proposed development. <br /> 32 (h) (1) When an applicant proposes to construct a housing <br /> 33 development that conforms to the requirements of subdivision (b) <br /> 34 and includes a child care facility that will be located on the <br /> 35 premises of, as part of, or adjacent to, the project, the city, <br /> 36 county, or city and county shall grant either of the following: <br /> 37 (A) An additional density bonus that is an amount of square <br /> 38 feet of residential space that is equal to or greater than the <br /> 39 amount of square feet in the child care facility. <br /> <br /> 97 <br /> <br /> <br />