SR 05:197 - Laserfiche WebLink

very low and/or low income units, all units in the project shall be eligible for a waiver of Ihe lower income housing fee. For single-family residential projecls which meel the affordability threshold with moderate income unils, or multiple-family residenlial projects which do nol meel the affordabilily threshold, only the inclusionary unils shall be eligible for a waiver of Ihe lower income housing fee excepl as otherwise approved by Ihe city council. To assure affordabilily over the life oflhe unit, Ihe affordable housing agreemenl shall be recorded wilh Ihe property deed or olher method approved by the city attorney. In the event an inclusionary unit is affordable by design the affordable housing agreemenl shall slipulale the melhod for assuring Ihat the unils retain Iheir affordability as Ihe housing markel changes. The direclor of planning and community development may waive Ihe requirement for an affordable housing agreemenl for projects approved prior 10 Ihe effeclive hereof and/or for projecls Ihat have their affordable housing requirements included in a developmenl agreement or other city document (Ord. 1818 S 1,2000) 17.44.070 Incentives To Encourage On-Site Construction Of Inc1usionary Units: The city shall consider making available 10 Ihe applicant incenlives to increase Ihe feasibilily of residential projecls 10 provide inclusionary unils. Incentives or fmancial assislance will be offered only to Ihe extent resources for this purpose are available and approved for such use by the city councilor cily manager, as defmed below, and 10 Ihe extenllhat the project, with the use of incenlives or fmancial assislance, assists in achieving the cily's housing goals. However, nOlhing in Ihis chapler establishes, direcily or Ihrough implication, a righl of an applicant to receive any assislance or incentive from Ihe city. Any incenlives provided by Ihe cily shall be set out in Ihe affordable housing agreement pursuant 10 section 17.44.060 ofthis chapter. The granting of the additional incentives shall require demonstration of exceplional circumstances that necessitate assistance from Ihe city, as well as documentation of how such incentives increase the feasibilily of providing affordable housing. The following incentives may be approved for applicanls who conslrucl inclusionary unils on-sile: A. Fee Waiver Or Deferral: The cily council, by resolution, may waive or defer payment of cily developmenl impact fees and/or building permit fees applicable to the inclusionary units or Ihe projecl of which they are a part. Fee waivers shall meet the crileria included in Ihe cily's adopled policy for evalualing waivers of cily fees for affordable housing projecls. The affordable housing agreement shall include Ihe terms of Ihe fee waiver. B. Design Modifications: The granling of design modifications relalive to the inclusionary requirement shall require Ihe approval of the cily council and shall meet all applicable zoning requiremenls oflhe cily of Pleas anion. Modificalions to Iypical