SR 06:263 - Laserfiche WebLink

ATTACHMENT n ARTICLE II -- ZONING REQUIREMENTS Section 17.44.040. General Req uirements/ Applicability. A. Residential Development For all ncw Multiple Family Rcsidcntial Projects of 15 units or more, at lcast 15% of the project's dwelling units shall be affordablc to Very Low, and/or Low Income houscholds. For all new Singlc Family Residcntial Projccts of 15 units or morc, at Icast 20% of the project's dwelling units shall be affordablc to Very Low, Low, and/or Modcratc Income householdsc . For all Condominium Convcrsion proiccts approvcd pursuant to Chapter 17.04 of the Plcasanton Municipal Codc of 15 units or morc. at least 25% ofthc proiects dwclling units shall be affordablc to Verv Low. and Low and/or Moderate Income households. Thcsc dwelling units shall bc rcferred to as "Inelusionary Units". Spccial considcration will be given to projccts in which a significant percentagc ofthc Inelusionary Units are for Very Low and Low Income houscholds. The specific mix of units within thc three affordability catcgories shall be subjcct to approval by thc City. Proiects with lcss than 15 units are encouraged to provide Inelusionarv Units. Projccts with less than 15 units arc subiect to paving the City's Lower Incomc Housing Fec as set forth in Chaptcr 17.40 of the Municipal Codc The Inclusionary Units shall be reservcd for rent or purchase by eligiblc Vcry Low, Low, and Moderate Income Houscholds, as applicable. Projccts subject to thesc rcquircmcnts includc, but are not limited to, singlc-family detached dwellings, town homes, apartmcnts, condominiums, or coopcrativcs provided through new construction projects, and/or through convcrsion of rentals to owncrship units. The percentage of Inelusionary Units requircd for a particular project shall bc dctermined only oncc on a givcn project, at thc timc of Tentative Map approval, or, for projects not proccssing a map, prior to issuance of building pcrmit. If the subdivision dcsign changcs, which results in a changc in thc number of Unit Typcs requircd, the number of lnclusionary Units required shall bc rccalculated to coincide with thc final approved project. In applying and calculating the fittecn (15) pcrcent rcquirement, any dccimal fraction Icss than or equal to 0.50 may bc disrcgarded, and any decimal fraction greater than 0.50 shall be construcd as one Unit. B. Commercial, Office, and Industrial (COI) Development In licu of paying the Lower Incomc Fcc as sct forth in City Ordinancc No. 1488, COI development may providc affordable housing consistent with this Ordinance. As a result, new COI developments arc strongly encouragcd to submit an Affordable Housing Proposal as set forth in Section 17.44.100 of this ordinancc. Upon submittal of the Page 5 of 13