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EXHIBIT 4 Table 2: Summary of San Francisco's Affordability Requirements',' Small For -Sale Units Small Rental Units Large For -Sale Units Large Rental Units On-site 12.5% for low income' 12.5% for low income' 2104 19%, 10% for low 10% for low 5% for moderate 4% for moderate 5%%for middle 4% for middle Off-site 20% for low income 1 20% for low income 33% 30% 18% for low 18% for low 8%for moderate 6% for moderate 'Affordable for -sale units for low-income households earn up to 80% of AMI, moderate -income households earn up to 105% of AMI, and middle-income households cam up to 130% of AMI. 'Affordable rental units for low-income households earn up to 55% of AMI, moderate -income households earn up to 80% of AMI, and middle-income households earn up to 110% of AMI. 315% at full implementation 426% at full implementation 524% at full implementation In act: It is too early to identify the impacts of the city's new Inclusionary Housing Program. However, the most recent housing inventory report indicates that in 2017, 421 inclusionary units were added which accounts for 28.8% of all affordable units provided through all city programs.9 City of Sacramento Mixed Income Housing Ordinance Background: In 2015, the Sacramento City Council modified its Mixed Income Housing Ordinance to a fee-based policy in compliance with the Palmer decision. Prior to 2015, Sacramento had a project -percentage requirement of 5% of total dwelling units to be affordable to low-income households earning up to 80% of AMI and 10% for very low-income households with income up to 50% of AMI. These units were required to be built on the site of the development project, to the extent possible. The City cites one of the reasons for moving away from the project -percentage approach was the difficulty of marketing for -sale inclusionary units due to a limited range of qualified buyers. 10 Base Requirement: The Ordinance requires that an affordable housing impact fee be assessed for all new market rate housing units, with the intent of providing housing for a variety of incomes and family types. Residential developments larger than 100 acres are additionally required to develop a Council -approved mixed -income housing strategy. The strategy demonstrates how the project provides housing for variety of incomes and family types. It may also provide for fee credits for land dedication, construction of affordable units, or another mechanism that leads to affordable housing. 12017 San Francisco Housing Inventory, San Francisco Planning Department, http•//defaultsfl)lanningorg/publications reports/2017 Housing Inventonypdf 11 City of Sacramento City Council Report, Mixed Income Housing Ordinance Update, Report ID: 2015-00668, 65B-20